TaxTMI 
TaxTMI 
Corporate Affairs Ministry is actively making investors aware about fraudulent companies
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....orporate Affairs Ministry is actively making investors aware about fraudulent companies <br>News and Press Release<br>Dated:- 23-12-2017<br><BR>Ministry of Corporate Affairs organises Investors Awareness Programmes (IAPs) in partnership with the three Professional Institutes, namely Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), and Institute ....
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....of Cost Accountants of India (ICoAI), with the objectives of creating awareness amongst the investor about fraudulent schemes and facilitating informed investment decisions. IAPs, in the form of audio visual programmes, are also being organised in the rural areas through Common Service Centres set up under Ministry of Electronics and Information Technology. Financial allocation for each programme....
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.... varies between ₹ 25,000 to 35,000. At towns and district headquarters levels the programmes are organised through Resource persons (RPs) appointed by the Professional Institutes at a unit outlay @ ₹ 5000 each. For North-Eastern states, the financial allocation for each programme is ₹ 30,000/- per programme conducted by Professional Institutes and ₹ 7000/- per programme con....
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....ducted through RPs. The expenditure on each programme depends on the number of participants in the programme. State/UT wise details of the programmes conducted during the current year and last three years along with the funds sanctioned / allocated / utilised under the programme during the said period, State/UT-wise are at Annexure-I. * Investor Awareness Programmes are conducted to prevent inv....
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....estment in companies floating fraudulent schemes. A list of companies against whom action has been initiated during the years for indulging in Ponzi schemes/ multi-level marketing is enclosed at Annexure II. This was stated by Shri P.P. Chaudhary, Minister of State for Law & Justice / Corporate Affairs in written reply to a question in Lok Sabha.<BR> News - Press release - PIB....