For Quick Alerts
For Daily Alerts

Government spends over Rs 12 cr in 3yrs on investor awareness

By Religare

Government of India has said that its prime focus has been investor awareness and protection activities and it has spent Rs 12.75 crore over past three fiscal years on it.

According to the reports, Ministry of Corporate Affairs had spent Rs 4.98 crore in 2011-12, Rs 4.35 crore and Rs 3.42 crore was incurred in 2010-11 and 2009-10 on investor protection activities.

In a written reply to Lok Sabha, Sachin Pilot, Corporate Affairs Minister said, "Investor awareness programmes are conducted by the Ministry of Corporate Affairs in association with the three professional institutes, namely, Institute of Chartered Accountants of India, Institute of Company Secretaries of India and Institute of Cost Accountants of India."


Additionally, he said the investors can also lodge their complaints/grievances in electronic form on the MCA-21 portal.

"A similar facility has also been provided by Securities and Exchange Board of India ( Sebi) on their website. Reserve Bank of India in association with banking codes and standards Board of India, carries out Outreach Programmes and Town Hall Events to educate its customers and create awareness on various banking activities," Pilot said.

    Read more about: investor awareness
    Company Search
    Get Instant News Updates
    Notification Settings X
    Time Settings
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more