On December 18, 2019, Securities and Exchange Board of India (SEBI),a Regulator for the Securities market in India owned by Government, has made extensive changes to the 8-member advisory committee on Investor Protection and Education Fund (IPEF), advising on issues related to investor education and protection activities.
The chairman of this committee is former Professor, Abraham Koshy of IIM(Indian Institutes of Management) Ahmedabad, Gujarat.
Key Points:
i.Different members of the panel embrace: N L Bhatia, President Emeritus, Investor Education and Welfare Association; A Balasubramanian, MD and CEO at Aditya Birla Sun Life AMC; M G Parameswaran, founder of brand-building.com, Ramesh Narayan, founder of Canco.
ii.Addition: Now,the panel additionally includes 3 Sebi officers -government administrators Nagendraa Parakh and V S Sundaresan & chief general manager N Hariharan.
About the committee:
SEBI has formed this committee in 2013 to seek out methods to greatest utilize the investor safety and schooling fund.
The panel has been tasked to suggest such activities related to the education and protection of investors, which can be conducted by SEBI itself or with the help of any other agency.
IEPF has been set up under the guidance of SEBI and Ministry of Corporate Affairs (MCA) India.
About SEBI:
Formation– April 12, 1988
Headquarters– Mumbai, Maharashtra
Chairman– Ajay Tyagi
