An Investor Education and Protection Fund (IEPF) has been set up to protect the interests
of the small investors and spread awareness regarding related issues. The Minister of Company
Affairs launched the website, www.watchoutinvestsors.com on November 9, 2004, as a national
registry of economic defaulters. It contains information on convictions by various regulatory bodies.
It has been created to help the investors protect themselves from unscrupulous promoters,
companies and entities.
To strengthen the mechanism for dealing with the grievances of investors and depositors against companies, the Ministry has notified nodal teams in all the offices of the Regional Directors and the Registrar of Companies. A nodal team for dealing with these issues at the Ministry has also been notified. The details of the nodal teams were placed on the Ministry’s website on November 4, 2004, for enabling the investors and depositors to approach them for redressal of their grievances. The details of the nodal teams were also published in newspapers on December 11 and 13, 2004, for wider dissemination of the information among the investing public. The Ministry and the National Informatics Centre (NIC) have jointly developed a new system of online lodging of complaints by investors and depositors against companies with a view to improving the present system of lodging of complaints against companies and their processing by the Ministry. The new system facilitates investors and depositors to lodge their complaints electronically with the Investor Protection Cell. The system issues complaint number as online acknowledgement for future reference. The new system for lodging online complaints of investors and depositors was placed on the Ministry’s website on January 11, 2005.
To strengthen the mechanism for dealing with the grievances of investors and depositors against companies, the Ministry has notified nodal teams in all the offices of the Regional Directors and the Registrar of Companies. A nodal team for dealing with these issues at the Ministry has also been notified. The details of the nodal teams were placed on the Ministry’s website on November 4, 2004, for enabling the investors and depositors to approach them for redressal of their grievances. The details of the nodal teams were also published in newspapers on December 11 and 13, 2004, for wider dissemination of the information among the investing public. The Ministry and the National Informatics Centre (NIC) have jointly developed a new system of online lodging of complaints by investors and depositors against companies with a view to improving the present system of lodging of complaints against companies and their processing by the Ministry. The new system facilitates investors and depositors to lodge their complaints electronically with the Investor Protection Cell. The system issues complaint number as online acknowledgement for future reference. The new system for lodging online complaints of investors and depositors was placed on the Ministry’s website on January 11, 2005.
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