Question
Download Solution PDFWhich of the following committees is related to the investor protection?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFN. 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. The Act should codify, amend and consolidate laws and practices for the purpose of protecting investors interest in corporate investment;
- Establishment of a judicial forum and award of compensation for aggrieved investors;
- Investor Education and Protection Fund which is under the Companies Act should be shifted to the SEBI Act and be administered by SEBI;
- SEBI should be the only capital market regulator, clothed with the powers of investigation
Last updated on Jun 12, 2025
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