Rule 7 - Constitution and Functions of the Committee - Investor Education and Protection Fund (Awareness and Protection of Investors) Rules, 2001

Constitution and Functions of the Committee ____ 07. (a) The Committee shall consists of ten members, excluding the Chairperson who is Secretary, to the Department of Company Affairs. The members shall be nominated by Reserve Bank of India, the Securities and Exchange Board of India and or from any other Ministry or Department of Central Government dealing with investor protection activities and experts from the field of investors' education and protection. The non-official members shall hold office for a period of two years. The official members shall hold office for a period of two years or until they occupy their position which ever is earlier. The constitution of the Committee shall be notified in the Official Gazette. (b) Functions of the Committee (1) The Committee shall recommend the following activities relating to investors' education, awareness and protection: (a) Education Programmes through Media; (b) Organizing Seminars and Symposia; (c) Proposals for registration of Voluntary Associations or Institution or other Organizations engaged in Investor Education and Protection activities; (d) Proposals for projects for Investors' Education and Protection including research activities and proposals for financing such projects; (e) Co-ordinating with institutions engaged in Investor Education, awareness, and protection activities; The Committee may also be entrusted with such other functions for carrying out the objects for which the Fund has been established. (f) (i) The Committee may appoint one or more sub-committees whenever it considers necessary to facilitate efficient and speedy discharge of its functions. (ii) Sub-committee shall be constituted from amongst the members. (iii) The chairperson of the Committee may nominate any one of the members of the sub-committee as its convener and where no such nomination has been made, the members of the sub-committee elect a convener amongst themselves. (iv) The Committee may have sub-committee to examine the end use of grants and assistance and recommend release of funds.