https://www.taxtmi.com/circulars?id=57880 The circular prescribes IPF Trust composition, funding from designated penalties and turnover fee contributions, claim eligibility and prioritisation where defaulter member assets are inadequate, and procedures where the defaulters' committee assesses legitimate claims and advises the IPF Trust which may disburse upon claim crystallization without awaiting asset realizations. It also mandates establishment and funding of ISF for investor service centers, supervised use of IPF income for investor education, separate bank accounts for IPF and ISF, and requires exchanges to amend bye laws and report implementation. en-us Tue, 13 Jun 2017 00:00:00 +0530 Sat, 01 Dec 2018 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57880 The circular prescribes IPF Trust composition, funding from designated penalties and turnover fee contributions, claim eligibility and prioritisation where defaulter member assets are inadequate, and procedures where the defaulters' committee assesses legitimate claims and advises the IPF Trust which may disburse upon claim crystallization without awaiting asset realizations. It also mandates establishment and funding of ISF for investor service centers, supervised use of IPF income for investor education, separate bank accounts for IPF and ISF, and requires exchanges to amend bye laws and report implementation. Circulars SEBI Tue, 13 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57880