Earlier on May 19, 2009, SEBI had notified the SEBI (Investor Protection and Education Fund) Regulations, 2009. It was done with a view to strengthen its activities for investor protection. SEBI stated that the fund will be used for the protection of investors and promotion of investor education and awareness. This includes educational activities, awareness programs, aiding investor associations etc. The sources of the fund include contribution made by the SEBI to the fund, grants and donations given to the fund by the Central Government and such other sources mentioned in regulation 4.
Under the regulations, SEBI had to constitute a seven-member advisory committee for recommending investor education and protection activities. Today, SEBI has announced the members of the Advisory Committee for the SEBI Investor Protection and Education Fund. Shri R. K. Nair, Executive Director, SEBI, will be the convener of the committee. Other members are Shri S. G. Kale, Shri Sanjay Sehgal, Ms. D. N. Raval, Smt. Mala Banerjee, Shri A. K. Narayan, Shri G. P. Garg and Shri Suresh Menon.
A copy of SEBI (Investor Protection and Education Fund) Regulations, 2009 is available here.
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