Sebi proposes allowing depositories to use part of IPF investment income for trust expenses
రచన: TodayTelugu Desk1 నిమిషాల చదువు5 చూపులు
At present, stock exchanges are permitted to use a maximum of 5 per cent of the interest or income generated from IPF investments for meeting expenses related to dedicated employees of the IPF Trust, administration of Investor Service Centres, and other statutory and administrative expenses such as taxes, audit fees and charity commissioner fees. However, no such provision exists for depositories.
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