About BSE Investors Protection Fund
"Established in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is Asia’s first Stock Exchange and one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives and mutual funds. It also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. It operates one of the most respected capital market educational institutes in the country (the BSE Institute Ltd.). BSE also provides depository services through its Central Depository Services Ltd. (CDSL) arm.
BSE INVESTOR PROTECTION FUND
In accordance with the guidelines issued by the Ministry of Finance, Government of India, the Exchange set up an Investor Protection Fund (IPF) on July 10, 1986. IPF is a charitable Trust, managed by the Trustees appointed by the Bombay Stock Exchange Ltd. The objects of the IPF are as under:
- To compensate clients of ‘defaulter’ trading members;
- To aid, assist, subsidise, support, promote and foster Research activities, preparation and publication of statistical and other information;
- To further the advancement and propagation of education and learning;
- To promote investor education, awareness and research.
The Trustees are:-
Shri S Ramadorai
Shri Ashish Chauhan
Shri V K Agrawal
Shri K R Choksey
Shri Balkisan Mohta
Shri Navnit Lal Bhatia
Activities of the Fund
- Arranging Investors Awareness Programs throughout the country in association with Investors’ associations registered with SEBI, Educational institutions, members, professional bodies like ICSI, chamber of commerce etc.
- Managing six Service Centers for the benefit of Investors for attending investors’ complaints against companies and broker members.
IPF share the Investors service centre at Delhi, Kolkata and Chennai with BSE and has their own Service centre at Ahmedabad, Rajkot, Jaipur and Cochin.
- Settlement of claims of clients of defaulter members.
- Providing library facility to investors at the centers
To conduct independent research related to thinly traded BSE listed companies and publishes in the BSE website for the benefit of the investors.