(a) whether the Government propose to enact the Investors Protection Act;
(b) if so, the details thereof;
(c) whether the Union Government have asked the Government of Uttar Pradesh to bring the Investors Protection Act; and
(d) if so, the reaction of the State Governments in this regard?
THE MINISTER OF LAW, JUSTICE (SHRI ARUN JAITLEY)
& COMPANY AFFAIRS AND SHIPPING
(a) & (b) No Sir. The Central Government has, in exercise of powers conferred by sub-section
4 of section 205C of Companies Act 1956 (1 of 1956), has constituted a committee under
Chairmanship of Secretary, Department of Company Affairs with ten other members to administer
the Investor Education and Protection Fund and to maintain separate account and other relevant
records in relation to that fund in such form as may be prescribed in consultation with the
Comptroller and Auditor General of India. These rules will be notified in the Gazette of India
as and when approved by the Comptroller and Auditor General of India/Ministry of Finance. The
money from the fund shall be utilized for promotion of Investor awareness and Protection of the
interest of investors in accordance with such rules as may be prescribed.
(c) No Sir.
(d) Does not arise.