Para 7 - Utilization of aid by the Investors’ Association - SEBI (Aid for Legal Proceedings) Guidelines, 2009

Utilization of aid by the Investors Association 7. (1) The aid provided by the Board is strictly meant for the purpose of meeting legal expenses incurred by the Investors Association with respect to the specific legal proceedings. (2) The Association shall submit a periodical report of the legal proceedings to the Board, as may be desired by the Board. (3) After the conclusion of the legal proceedings, the Investors Association shall submit a detailed report statement on the same to the Board along with a self-certified statement on the utilization of aid by it.