Business Ethics and Corporate Governance, Second Edition

N.K. MITRA COMMITTEE ON INVESTOR PROTECTION

The committee chaired by N. K. Mitra submitted its report on investor protection in April 2001, with the following recommendations:

1. 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;
2. Establishment of a judicial forum and award of compensation for aggrieved investors;
3. Investor Education and Protection Fund which is under the Companies Act should be shifted to the SEBI Act and be administered by SEBI;
4. SEBI should be the only capital market regulator, clothed with the powers of investigation;
5. The regulator, SEBI should require all IPOs to be insured under ...