(1) There shall be a Fund to be called the Investor Protection and Education Fund.
(2) The Fund shall be deemed to have been established on 23rd day of July, 2007, by the ordermade by the Board under section 11 of the Act.
Amounts to be credited to the Fund.
4. 1[(1)] The following amounts shall be credited to the Fund:-
(a) contribution as may be made by the Board to the Fund;
1 Existing regulation re‐numbered as sub‐regulation (1) by the SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, w.e.f. 6‐3‐2017.
(b) grants and donations given to the Fund by the Central Government, State Government orany other entity approved by the Board for this purpose;
2[(c) proceeds in accordance with the sub-clause (ii) of clause(e) of sub-regulation (10) of regulation 17 and sub-regulation (3) of regulation 21 of the Securities and Exchange Board ofIndia (Substantial Acquisition of Shares and Takeovers) Regulations, 2011];
(d) security deposits, if any, held by stock exchanges in respect of public issues and rights issues, in the event of de-recognition of such stock exchanges;
(e) amounts in the Investor Protection Fund and Investor Services Fund of a stock exchange,in the event of de-recognition of such stock exchange;
3[(f) amounts forfeited for non-fulfilment of obligations specified in regulation 15B of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998;
(g) monies transferred in accordance with sub-regulation (9) of regulation 45 of the Securities andExchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;
(h) amounts disgorged under section 11B of the Act or section 12A of the Securities Contracts(Regulation) Act, 1956 or section 19 of the Depositories Act, 1996;]
4[(f)] interest or other income received out of any investments made from the Fund;
5[(g)] such other amount as the Board may specify in the interest of investors.
6[(2) For the purposes of sub-regulation (1) above, the amounts shall be credited to the Fund through NEFT/RTGS/IMPS or any other mode allowed by RBI or by way of a demand draft in favour of the Board payable in Mumbai.]
Utilisation of Fund.