TMI BlogInvestor Protection Fund.X X X X Extracts X X X X X X X X Extracts X X X X ..... tor Protection Fund for the protection of interest of beneficial owners: Provided that this Fund shall not be used by the depository for the purpose of indemnifying the beneficial owner under section 16 of the Depositories Act, 1996. 2 [(2) Every depository shall credit five per cent or such percentage as may be specified by the Board, of its profits from depository operations every year to the In ..... X X X X Extracts X X X X X X X X Extracts X X X X
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