Change in Mode of Payment w.r.t. SEBI Investor Protection and Education Fund Bank A/c

Last updated: 05 September 2023

Notice Date : 04 September 2023

Securities and Exchange Board of India

Circular No. SEBI/HO/GSD/TAD/P/CIR/2023/149 Dated: September 4, 2023

To
All listed Companies through the Stock Exchanges

Dear Sir/Madam

Sub: Change in Mode of Payment w.r.t. SEBI Investor Protection and Education Fund Bank A/c

1. Please refer to Circular no. SEBI/HO/ISD/ISD/CIR/P/2020/135 dated July 23, 2020 wherein SEBI had prescribed that the amounts shall be credited to the SEBI Investor Protection and Education Fund through online mode or by way of a demand draft (DD) in favour of the Board (i.e. SEBI IPEF). Henceforth, remittances to SEBI IPEF shall be made only through the below mentioned link.

2. SEBI has opened a new bank account to facilitate market participants to make payment to SEBI Investor Protection and Education Fund (SEBI IPEF). In this regard, a link has been provided in the Homepage of SEBI website (sebi.gov.in) under the head “Click here to make payment to SEBI IPEF”. The link enables the remitter to make payment in any of the following manner:

– Net banking
– NEFT/RTGS
– Debit Cards
– UPI

3. While making the remittances online, through the above link, remitters shall furnish the requisite information like name of the payer, PAN, mobile number, email ID, the purpose for which payment is made, the amount to be paid, etc.

4. The Stock Exchanges are advised to take note of the same and inform the above changes to all the companies listed on their Exchange through a CircuIar.

5. This circular is issued in exercise of the powers conferred under section 11(1) of the Securities and Exchange Board of India Act, 1992 and shall come into force with immediate effect.

6. This circular is available on SEBI Website at www.sebi.gov.in under the category “Circulars”

Yours faithfully.

SALMANU K K
Deputy General Manager
Tel. No.022-26449641
Email id: palmAnuk@sel3i.gov.in