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SEBI has came out with exhaustive guidelines for Investor Protection Fund (IPF) and Investor Services Fund (ISF) maintained by stock exchanges and depositories. Concerning contributions of stock exchanges, they will have to contribute 1 per cent of the listing fees received every quarter and the entire interest earned on the security deposit kept by the issuer companies at the time of the offering of securities for subscription to the public and penalty collected by exchanges from trading members. In respect to contribution to IPF of depositories, they have to contribute 5 percent of their profits from depository operations every year, all fines and penalties recovered from depository participants (DPs) and other users including and income received out of any investments made from the IPF. In respect of the investor services fund (ISF), the stock exchanges will have to set aside at least 20 per cent of the listing fees received by ISF for providing services to the investing public ISF will be used for the purpose of the promotion of investor education and investor awareness programs, the cost of training arbitrators and at least 50 per cent of the corpus should be spent in Tier II & Tier III cities.
The principal of the school says that they don’t favor ragging.
The groom said to the bride, "I will take good care of you."
Select the most appropriate indirect/direct form of the given sentence.
Laila said to Majnu, “do not try to play with me .”
Ram said,"Are you really serious about becoming a pilot, son?"
Aunt said to mother, "I will be in Surat on Friday."
Select the most appropriate indirect form of the given sentence.
“What sort of a house are you looking for, Mr. Barrington?” said the house...
Select the correct indirect/direct speech for the given sentence.
“ Need I eat it all mother?” said Krishna “yes dear ,you must,�...
Select the correct indirect/direct speech for the given sentence
“ I lost my necklace yesterday”, seema said to her mother.
...Choose the option that is the direct form of the sentence.
He asked me to wait there until I got my turn.
Change the following sentence to Direct Speech.
Mrs. Murthy asked the grief-stricken mother how the stove had burst.