Investor Education and Protection Fund Authority constituted; members appointed, terms governed by applicable rules, reimbursement for meeting expenses. Central Government constitutes the Investor Education and Protection Fund Authority under the Companies Act, appointing the Secretary, Ministry of Corporate Affairs as Chairperson ex officio, ex officio regulator representatives, and named non-official members. Membership is divided between ex officio officials and appointed members. The term of office for specified members is governed by the Authority rules and non-official members are entitled to reimbursement of actual expenditure for attending meetings as provided in those rules.
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Investor Education and Protection Fund Authority constituted; members appointed, terms governed by applicable rules, reimbursement for meeting expenses.
Central Government constitutes the Investor Education and Protection Fund Authority under the Companies Act, appointing the Secretary, Ministry of Corporate Affairs as Chairperson ex officio, ex officio regulator representatives, and named non-official members. Membership is divided between ex officio officials and appointed members. The term of office for specified members is governed by the Authority rules and non-official members are entitled to reimbursement of actual expenditure for attending meetings as provided in those rules.
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