Investor Protection Fund contribution required from depository profits, to be credited annually at Board-specified percentage. Every depository is required to credit five per cent, or such percentage as may be specified by the Board, of its profits from depository operations each year to the Investor Protection Fund, pursuant to the substituted Regulation 53C(2), with the amendment effective from September 11, 2012.
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Provisions expressly mentioned in the judgment/order text.
Investor Protection Fund contribution required from depository profits, to be credited annually at Board-specified percentage.
Every depository is required to credit five per cent, or such percentage as may be specified by the Board, of its profits from depository operations each year to the Investor Protection Fund, pursuant to the substituted Regulation 53C(2), with the amendment effective from September 11, 2012.
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