Clarification to Clause 24 of Comprehensive IPF/CPF Guidelines

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..... ification to Clause 24 of Comprehensive IPF/CPF Guidelines. 1. Please refer to SEBI Circular Ref No MRD/DoP/SE/Cir-38/2004 dated October 28, 2004 on the Comprehensive Guidelines for Investor Protection Fund (IPF) / Customer Protection Fund (CPF) at Stock Exchanges. 2. The provisions of Clause 24 of the Annexure to the aforesaid circular dealing with Disbursement of Claims from IPF .....

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..... ions contained in Clause (viii) of Government of India directive (circular ref 1/26/SE/91 dated August 12, 1991), SEBI circular (SMD/Policy/Cir-24/97 dated September 26, 1997) and would take care of interest of investors on other stock exchanges also. 4. Accordingly, the Clause 24 of the Comprehensive IPF/CPF Guidelines is restated with the incorporation of the aforesaid clarification as A .....

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..... opment of, and to regulate the securities market. Yours faithfully, V S SUNDARESAN Encl: Annexure - 1 Comprehensive Guidelines for IPF/CPF at Stock Exchanges - Disbursement of claims from IPF/CPF - Clause 21 . - Clause 22 . - Clause 23 . - Clause 24 The Stock Exchange shall ensure that the amount realised by the auction / close-out of .....

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