Sebi has revised rules for depositories' Investor Protection Fund income. Depositories can now use five percent of annual income for expenses. The remaining ninety-five percent must be reinvested back into the fund. This change allows for administrative costs like salaries and audit fees. Any unutilized funds from the five percent must be returned to the fund.
Sebi has revised rules for depositories' Investor Protection Fund income. Depositories can now use five percent of annual income for expenses. The remaining ninety-five percent must be reinvested back into the fund. This change allows for administrative costs like salaries and audit fees. Any unutilized funds from the five percent must be returned to the fund.
<iframe src="https://hindustansphere.com/embed/cluster/1571519da18802a72a9ec9a7ec5999a663368035" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Depositories get to spend 5% of IPF interest income"></iframe>
