(a) the amount deposited by companies during the last three years under Section 205(A)(5) of the Companies Act, 1956 in the protection of Investors Fund;
(b) the expenditure incurred for the objects & purpose of protection of investors during each of the above period;
(c) whether the expenditure incurred is not commensurate with the objects of investors protection; and
(d) if so, the reasons for the inadequate expenditure?
MINISTER OF COMPANY AFFAIRS (SHRI PREM CHAND GUPTA)
(a) During the last three years (01.10.2001 to 31.03.2004) an amount of Rs.241.59 crores has been credited to the Investor Education and Protection Fund (IEPF) under section 205-C of the Companies Act, 1956. The amount is maintained in the Consolidated Fund of India.
(b) The expenditure incurred for the objects and purpose of protection of investors during each of the above period is as under: -
FINANCIAL YEAR EXPENDITURE (Amount in Rupees)
2001-2002 67,00,000 2002-2003 1,79,40,000 2003-2004 2,83,55,000