The Central Government notified the establishment of a Fund called the Investor Education and Protection Fund with effect from October 1, 2001. The fund shall be credited with:
(a) Amounts in the form of unpaid dividend accounts of companies,
(b) Application moneys received by companies for allotment of any securities and due for refund,
(c) Matured deposits with companies,
(d) Matured debentures with companies,
(e) The interest accrued on the amounts referred to above (a to d), The Investor Education and Protection Fund will be utilized for promotion of awareness amongst the investors and for the protection of the interests of investors in accordance with such rules as may be prescribed.
(a) Amounts in the form of unpaid dividend accounts of companies,
(b) Application moneys received by companies for allotment of any securities and due for refund,
(c) Matured deposits with companies,
(d) Matured debentures with companies,
(e) The interest accrued on the amounts referred to above (a to d), The Investor Education and Protection Fund will be utilized for promotion of awareness amongst the investors and for the protection of the interests of investors in accordance with such rules as may be prescribed.
