Research on India's Investor Programs
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Research on India's Investor Programs

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    Research on India's Investor Programs Research on India's Investor Programs Document Transcript

    • CENTRAL DEPOSITORY COMPANY OF PAKISTAN LIMITED INTERNAL Research on India’s Investor Education Program July 25, 2013 Preliminary Report by Zeeshan Valliani
    • CENTRAL DEPOSITORY COMPANY OF PAKISTAN LIMITED INTERNAL INTRODUCTION Securities and Exchange Board of India (SEBI), the regulator for the securities market in India lead major Investor Education initiatives in the country. The regulator in cooperation with other affiliates including Stock Exchanges and Mutual Fund companies have created Investor Education & Protection fund (IEPF) for promoting investor awareness through websites, seminars, publications and media. Sensing the need to introduce students to the importance of financial planning, the regulator has introduced financial literacy campaigns in collaboration with higher secondary schools and colleges for conducting programs covering numerous aspects of investment, including need for saving, avenues to pursue, risks in investment, analysis of company financials, etc. INVESTOR EDUCATION & PROTECTION FUND Investor Education and Protection Fund (IEPF) has been established under the India’s Companies Act, 1956 for promotion of investors’ awareness and protection of the interests of investors. Activities undertaken by the IEPF include educating and creating awareness among investors through seminars and media and funding projects pertaining to investor education awareness and protection. The regulator is also in talks with India’s Ministry of Education to make Investor Education a part of India’s higher secondary curriculum. WEBSITES IEPF has also sponsored three websites for this purpose. iepf.gov.in This website fulfils the need for an information resource for small investors on all aspects of the capital market and does it in the small investors’ language. This website presently covers information on IPO Investing, Mutual Fund Investing, Stock Trading, Depository Account, Debt Market, Derivatives, Indices, Indices, Index Funds, Investor Grievances & Arbitration (Stock Exchanges), Investor Rights & Obligations, Dos and Don’ts etc. This website is now available in English and Hindi as well as 12 major regional languages. watchoutinvestors.com The best defense against frauds is self-defense. This first-of-its-kind-in-the-world, free public service arms the investors with a self-defense tool to protect themselves from fraudulent/non-
    • CENTRAL DEPOSITORY COMPANY OF PAKISTAN LIMITED INTERNAL compliant companies, intermediaries and individuals. This website is now a national web-based registry of such entities. watchoutinvestors.com enables investors to do a fast, efficient and user- friendly search and provides them with the information on such entities/persons which they can use before making any new investments and for reviewing their portfolio vis-à-vis such entities. As of 31st May,2010, the website had listed over 1,06,000 indicted/non-compliant entities covering 72,517 companies/ firms and 33,947 individuals. These relate to the orders passed by several regulatory bodies including BSE, CDSL, CLB, DRT, EPFO, IRDA, MCA, NHB, NSDL, NSE, RBI, ROC and SEBI. watchoutinvestors.com is being used by lakhs of investors (over 27 lakhs as on 31st May, 2010). investorhelpline.in This is a dedicated, free of charge, portal to handle investor grievances under one roof covering areas related to various authorities like Ministry of Company Affairs, Registrar of Companies, Securities and Exchange Board of India and Reserve Bank of India. Complaints are taken up by the website for redressal both with the companies and with the concerned regulators. Investors can log-in their grievances related to the capital market and company deposits in easy-to-fill forms and track progress of their grievance redressal online. A large number of investors are using this facility. AWARENESS SEMINARS IEPF sponsors almost daily Investor Awareness Sessions which held in different cities of India including small towns and cities. Most of these sessions held in Mumbai as the city offers the highest potential while other awareness sessions are targeted at other primary cities of the country such as New Delhi, Chennai and Bangalore. The objective of these programs is to educate investors mainly pensioners about the investment opportunities available in the securities market and apprise them about their rights and responsibilities while dealing in the financial market. Programmes are conducted in vernacular languages, so as to eliminate language barriers reducing the reach of the market. During these awareness programs, apart from covering product features and uses, operational aspects like investors’ rights and obligations, “dos” and “don’ts” while investing, and diligence that an investor needs to take are also covered. Educational and informative booklets relating to operational and functional aspects of the market in English and regional languages are distributed.
    • CENTRAL DEPOSITORY COMPANY OF PAKISTAN LIMITED INTERNAL MEDIA IEPF makes use of multiple channels to spread investor awareness by issuing regular alerts on topics which need investor attention through the print media. The exchange also makes use of TV as a medium, and conducts educational programs for the benefit of a wide range of investors. PUBLICATIONS Several publications have been made by India’s Ministry of Corporate Affairs and Securities and Exchange Board of India BSE Limited to educate investors. These publications include: Investor Guide Booklet: by Indian Ministry of Corporate Affairs Guide for Investors: By Department of Investor Services BSE Limited Investor Guide BookNew: by Indian Ministry of Corporate Affairs A Reference Guide for Investors: by Securities and Exchange Board of India BSE Limited The regulator is also in talks with Ministry of Education to make these publications a part of India’s higher secondary curriculum.
    • CENTRAL DEPOSITORY COMPANY OF PAKISTAN LIMITED INTERNAL BROCHURE
    • CENTRAL DEPOSITORY COMPANY OF PAKISTAN LIMITED INTERNAL ACKNOWLEDGEMENTS This reading material has been prepared/compiled/adapted primarily from the information available on the Indian websites of the Ministry of Corporate Affairs (www.mca.gov.in), Investor Education and Protection Fund (www.iepf.gov.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com), MCX-SX (www.mcx-sx.com) and PRIME Database (www.primedatabase.com) and from the reading material produced by ICAI, ICSI and ICWAI. DISCLAIMER The information provided herein is purely for dissemination of information about various aspects of India’s Awareness Programs. Although due care and diligence has been taken in the preparation/compilation of this reading material, the CDC shall not be responsible for any loss or damage resulting from any action or decision taken by a person on the basis of the contents of this reading material. It may also be noted that laws/regulations governing the capital market are continuously updated/changed, and hence an investor should familiarize himself with the latest laws/regulations by visiting the relevant websites or contacting the relevant regulatory body.