IPF mooted

In the light of capital market upheavals, a Parliamentary standing committee stressed on the early setting up of Investor Protection Fund IPF. The Parliamentary Standing Committee on Finance, in the light surge being witnessed in the capital market operations in the recent past, and also aberrations or scams such as the recent IPO-demat scam, Investor Protection Fund is an imminent necessity.

IPF under the aegis of Sebi as announced in the budget 2006-07 is an imminent necessity as prime objective of the 8216;8216;regulator8217;8217; is to protect the interests of investors in the securities market, the committee said.