CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which ministry has reconstituted the Advisory Committee on Investor Protection and Education Fund?
A
SEBI
B
Ministry of Education
C
Ministry of Women
D
Ministry of Science
Explanation: 

Detailed explanation-1: -The correct answer is SEBI. SEBI has restructured its advisory committee on Investor Protection and Education Fund (IPEF). The panel is mandated to recommend investor education and protection activities that may be undertaken directly by the markets regulator, or through any other agency.

Detailed explanation-2: -The committee also comprises three Sebi officials – executive director G P Garg and chief general managers Santosh Sharma and Jayanta Jash. The committee also comprises three Sebi officials – executive director G P Garg and chief general managers Santosh Sharma and Jayanta Jash.

Detailed explanation-3: -Investor Education and Protection Fund Authority was established by Government of India on 7 th September, 2016 for administration of Investor Education and Protection Fund under the provisions of section 125 of the Companies Act, 2013. Last Updated: 2 Feb 2023 .

Detailed explanation-4: -N. K. Mitra Committee is related to investor protection. Explanation: The committee chaired by N. K. Mitra submitted its report on investor protection in April 2001, with the following recommendations: There is a need for a specific Act to protect investor interest.

Detailed explanation-5: -S Sahoo, Professor at National Law University, Delhi, and former chairperson of the Insolvency and Bankruptcy Board of India (IBBI) will chair the advisory committee.

There is 1 question to complete.