Investor Education and Protection Fund – SEBI

Subject : Economy

Section: Capital Market

Concept :

Investor Education and Protection Fund (IEPF) has been established under the Securities and Exchange Board of India Act, 1992.
The amounts such as contribution made by SEBI, grants and donations given to the Fund by the Central Government, State Government or any other entity approved for the purpose, etc are required to be transferred to the IEPF.
The Fund shall be utilised for the purpose of protection of investors and promotion of investor education and awareness in accordance with SEBI regulations.
The Fund is also utilised for distribution of money in cases where SEBI deems fit to make restitution to eligible and identifiable investors who have suffered losses resulting from violation of securities laws, be utilised only for the purposes of such restitution.

Advisory Committee of the fund

SEBI shall constitute an advisory committee for recommending investor education and protection activities that may be undertaken directly by SEBI or through any other agency, for utilisation of the Fund.
The Committee shall consider investor education and protection activities keeping in view the purposes and submit its recommendations thereon to SEBI.