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Lok Sabha
An Expert Group headed by Mr. Justice M.H. Kania recommended a separate Investors’ Protection Fund under the Securities and Exchange Board of India (SEBI) Act for the purpose of investor education and awareness and for compensation to the small investors in respect of fraud or misrepresentations or misstatements by companies or intermediaries. The Report has been put up on the SEBI website for public comments.
This information was given by Shri S.S. Palanimanickam, Minister of State for Finance in reply to a question raised by Kunwar Manvendra Singh in Lok Sabha today.
BSC/BY/DN-283/05
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