SEBI has came out with exhaustive guidelines for Investor Protection Fund (IPF) and Investor Services Fund (ISF) maintained by stock exchanges and depositories. Concerning contributions of stock exchanges, they will have to contribute 1 per cent of the listing fees received every quarter and the entire interest earned on the security deposit kept by the issuer companies at the time of the offering of securities for subscription to the public and penalty collected by exchanges from trading members. In respect to contribution to IPF of depositories, they have to contribute 5 percent of their profits from depository operations every year, all fines and penalties recovered from depository participants (DPs) and other users including and income received out of any investments made from the IPF. In respect of the investor services fund (ISF), the stock exchanges will have to set aside at least 20 per cent of the listing fees received by ISF for providing services to the investing public ISF will be used for the purpose of the promotion of investor education and investor awareness programs, the cost of training arbitrators and at least 50 per cent of the corpus should be spent in Tier II & Tier III cities.
The subject matter of theft as per IPC can be _______________
If any default is made in transferring the total amount or any part to the Unpaid Dividend Account of the company, it shall pay, from the date of such d...
Which of the following cases is also known as “Habeas Corpus Case”?
Examination by the party who calls the witness is known as?
A lease can be determined by ____
Which section of the Prevention of Corruption Act delas with the provisions of appeal and revision?
Which of the following is not a facet of rule of law as propounded by A. V Dicey?
What are the various ground on the basis of which RBI may cancel a licence granted to a banking company?
The RTI Act is applicable to which of the following ___________
The Chairman and Whole time Members of the Board may hold office for a period of __________