Question : Investor Awareness Programme

(a) the details of the Investor Awareness Programmes (IAP) organised by the Government during the last three years and the current year along with the funds sanctioned / allocated / utilised under the programme during the said period, State/UT-wise;

(b) the details of the target set and achievements made during the above period along with the number of awareness camps held, State/UT/year-wise;

(c) whether the number of cases of fraudulent companies have decreased after these awareness programmes; and

(d) if not, the reasons therefor and the action taken by the Government in this regard?

MINISTER OF STATE FOR LAW
AND JUSTICE AND CORPORATE AFFAIRS (Shri P.P. CHAUDHARY)
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(a) & (b): Ministry of Corporate Affairs organizes Investors Awareness Programmes (IAPs) in partnership with the three Professional Institutes, namely Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), and Institute of Cost Accountants of India (ICoAI), with the objectives of creating awareness amongst the investor about fraudulent schemes and facilitating informed investment decisions. IAPs, in the form of audio visual programmes, are also being organized in the rural areas through Common Service Centers set up under Ministry of Electronics and Information Technology.


Financial allocation for each programme varies between Rs 25,000 to 35,000. At towns and district headquarters levels the programmes are organized through Resource persons (RPs) appointed by the Professional Institutes at a unit outlay @ Rs 5000 each. For North-Eastern states, the financial allocation for each programme is Rs 30,000/- per programme conducted by Professional Institutes and Rs 7000/- per programme conducted through RPs. The expenditure on each programme depends on the number of participants in the programme.

State/UT wise details of the programmes conducted during the current year and last three years along with the funds sanctioned / allocated / utilized under the programme during the said period, State/UT-wise are at Annexure-I.

(c) & (d): The Investor Awareness Programmes are conducted to prevent investment in companies floating fraudulent schemes. A list of companies against whom action has been initiated during the years for indulging in Ponzi schemes/ multi-level marketing is enclosed at Annexure II.
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