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5,572 investors’ awareness programmes conducted in 2017-18 till December 2017

February 7, 2018
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Investors Awareness Programmes (IAPs) have been organised by Investor Education and Protection Fund (IEPF) in association with Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), Institute of Cost Accountants of India (ICoAI) and CSC e-governance India Ltd., a Special Purpose Vehicle (CSC SPV) set up by the Ministry of Electronics & Information Technology.

Following is the year-wise details of IAPs conducted since 2013-14.

Year

Professional Institutes (PIs)

Common Service Centres

Total

2013-14

1849

20

1869

2014-15

1359

300

1659

2015-16

2019

925

2944

2016-17

1096

1075

2171

2017-18

(till 31.12.2017)

53

5519

5572

TOTAL

6376

7839

14215

Investors’ awareness initiative has also been conducted through media. Impact Assessment Study (IAPs) conducted for the purpose have revealed that the programme is very useful. As per the investors’ grievances data maintained by the Ministry of Corporate Affairs, action has been initiated against 89 companies in 2015-16 and 145 companies in 2016-17. During year 2017-18 (29.12.2017) action has been initiated against 83 companies.

Securities and Exchange Board of India (SEBI) under the Department of Economic Affairs (Ministry of Finance) while mentioning that scrips of some Companies which have not paid outstanding amounts are being traded on Stock Exchanges, has stated that trading of scrips is not immediately suspended on receipt of an investor complaint for non-payment of dues to investors by listed companies.

This was stated by Shri P.P. Chaudhary, Minister of State for Corporate Affairs in written reply to a question in Rajya Sabha.

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