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Sebi eases rules on use of depository investor protection fund income
Sebi has allowed depositories to use a small portion of annual income from the Investor Protection Fund for administrative and statutory expenses while requiring most earnings to remain in the corpus. The revised framework introduces safeguards and takes effect from September.
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thehindubusinessline.com
SEBI proposal lets depositories use investor protection fund income for administrative expenses
SEBI allows depositories to use 5% of Investor Protection Fund income for operational expenses, maintaining 95% reinvestment into the corpus.
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economictimes.indiatimes.com
Sebi eases rules on use of depository investor protection fund income
Sebi has allowed depositories to use a small portion of annual income from the Investor Protection Fund for administrative and statutory expenses while requiring most earnings to…