Saturday, July 14, 2007

SEBI BOARD SET UP IPF

The Securities and Exchange Board of India (SEBI) has decided to set up an Investor Protection Fund (IPF).The IPF will be started with an initial contribution of Rs. 10 crore by SEBI. SEBI plans starting a nation-wide investors’ education campaign. The Board decided not to wait for an amendment to the Securities Contracts Regulation Act (SCRA) for the IPF.

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