SCHEDULE  A of IPEF

Instructions for Claiming Reimbursement of Expenses for Conducting Workshops under the Aegis of the SEBI investor protection and education fund

1.      The following entities are eligible for claiming reimbursement of expenses on workshops conducted by them under the aegis of the SEBI Investor Protection and Education Fund:

i.         Investors’ Associations recognized by SEBI; and

ii.       NGOs and other groups working in the area of financial literacy/ investor education.

2.      An entity can claim reimbursement if:

a.      the workshop has been conducted by itself;

b.      the workshop has been organized at a place decided in consultation with SEBI;

c.      it has intimated SEBI of the proposed workshop at least 15 days in advance, providing the following details:-

                                 i.            Date, time and venue of workshop along with special occasion, if any;

                               ii.            Speakers, including Chief Guest, if any, and their topics;

                              iii.            Target audience and their expected number; and

                             iv.            Mode of publicity used.

d.      the workshop carried the banner “Workshop under the aegis of the SEBI IPEF”.

e.      the standard reading material provided by SEBI were distributed in the workshop.

 

3.      The following expenses can be claimed subject to an aggregate limit of Rs.35,000/- in metropolitan cities and Rs.25,000/- in all other places:

i.         Hiring of premises for the workshop;

ii.       Invitation costs;

iii.      Banner and related venue charges in connection with the workshop;

iv.     Refreshments provided during the workshop;    

v.       Traveling, lodging & boarding expenses for upto a maximum of 2 personnel of the applicant;

vi.     Honorarium/conveyance expenses upto Rs 1000/- per speaker for a maximum of 2 speakers (For speakers other than the members of the applicant); and

vii.    Photography costs.          

4.      The claim shall be made in the following manner:

f.        The claim shall be made strictly in the format prescribed by SEBI;

g.      Separate claims shall be submitted for each workshop.

h.      The claims shall be duly certified by the auditor of the entity.

i.         The claim shall be supported by original bills and receipts, issued in the name of the entity.

j.         The claim shall be supported by two photographs of the workshop, one of the speakers on the dais and the other of the audience.

k.       No document / bill for which SEBI does not provide reimbursement shall be sent.

l.         Reimbursement shall be made by account payee cheque drawn in favour of the entity.

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Instructions for Claiming Reimbursement of Expenses from the SEBI Investor Protection and Education Fund by Recognized Investors' Associations for Capital Expenditure

1.      An Investors' Association is eligible for one time reimbursement for purchase of the following items for bonafide use by its members and investors:

  1. Computer Terminals (Monitor, CPU, Printer and requisite software)
  2. Installation of database on companies
  3. Internet services, including website development
  4. Fax machine
  5. Xerox machine
  6. Office furniture - Tables, Chairs and Cupboards
  7. Laptop
  8. Video projector

2.      The claim shall be made only after the Investors’ Association has been granted a recognition for three years.

3.      The maximum amount reimbursable is Rs.2.5 lakh, which may be claimed in maximum of three installments.

4.      The Association shall submit a proposal, with the approval of its Governing Board/Management Committee, detailing items proposed to be purchased and estimated costs, for prior permission of SEBI, in the format provided.

5.      The claim shall be submitted in the format prescribed by SEBI.

6.      The claims shall be duly certified by the auditor of the Investors' Association.

7.      All the supporting bills and receipts shall be in original and in the name of the Investors' Association only.

8.      The claims shall be preferred within one month of purchase of the items.

9.      Prior to submission of original bills, the Investors’ Association shall ascertain that the items and their estimates are those already approved by SEBI.

10.  Each item for which reimbursement is claimed shall carry a sign – “Funded by the  SEBI - IPEF”

11.  The Investors' Association shall indicate the place and address where the items have been installed/set up.

12.  SEBI reserves the right to inspect the premises where the items purchased under the scheme are placed.

13.  Austerity should be observed in expenditure.

14.  Non adherence to these instructions would result in action as deemed fit by SEBI including action against office bearers of the association.

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