Lok Sabha Question No. 3907 (UNSTARRED), answered on 2017-03-24
Subject: Corporate Frauds
Ministry: CORPORATE AFFAIRS
Asked by: NISHIKANT  DUBEY, NARANBHAI KACHHADIA, GOWDAR MALLIKARJUNAPPA SIDDESHWARA

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA

UNSTARRED QUESTION No. 3907 ANSWERED ON FRIDAY, THE 24th MARCH, 2017 [CHAITRA 3, 1939 (SAKA)]

## CORPORATE FRAUDS

3907. SHRI NISHIKANT DUBEY:

SHRI NARANBHAI KACHHADIYA:

SHRI G.M. SIDDESHWARA:

Will the Minister of CORPORATE AFFAIRS कारपोरेट कार्य मंत्री

be pleased to state:

- (a) whether the Government is organising an investment awareness programme in the country;
- (b) if so, the details thereof and its objectives and main features;
- (c) whether the Government has organised such programmes in rural areas of the country in the last two years;
- (d) if so, the details thereof and the criteria fixed for the selection of rural areas for above purpose; and
- (e) the details of funds allocated and used for this purpose during the last three years and the current year?

## ANSWER

THE MINISTER OF STATE IN THE MININSTRY OF CORPORATE AFFAIR     (SHRI ARJUN RAM MEGHWAL) कारपोरेट कार्य मंत्रालर् में राज्र् मंत्री ( श्री अर्जयन राम मेघवाल )

(a)  &  (b):  The  Ministry  of  Corporate Affairs (MCA) organises Investors Awareness Programmes (IAPs) in association with the three Professional  Institutes,  namely  Institute  of  Chartered  Accountants  of India  (ICAI),  Institute  of  Company  Secretaries  of  India  (ICSI),  and Institute of Cost Accountants of India (ICoAI), and with the objectives of creating awareness amongst the investor about fraudulent schemes and facilitating  informed  investment  decisions.  These  programmes  are conducted in Hindi, English and other vernacular languages depending upon the target audience. The details of the programmes conducted by Professional Institutes are as under:

| Name of Institute   |   2014-15 |   2015-16 |   2016-17 Till 28.02.2017 |
|---------------------|-----------|-----------|---------------------------|
| ICAI                |       805 |      1620 |                       878 |
| ICSI                |       570 |       332 |                       102 |
| ICoAI               |       193 |        75 |                        54 |
| Total               |      1568 |      2027 |                      1034 |

(c)&  d):  The  Ministry  of  Corporate  Affairs  (MCA)  organizes  Investors Awareness  Programmes  (IAPs)  in  rural  areas  also  through  Common Service Centre (CSC) of Ministry of Electronics & Information Technology. During the last two years i.e. 2014-2015 and 2015-2016, 572 programmes were organised in rural areas. (e):  The  amount allocated and utilized under Investor Awareness and Protection  Fund  (IEPF)  during  each  of  the  last  three  years  and  the current year is as under:

| Year    | Funds allocated (Rs.)   | Funds utilized (Rs.)   |
|---------|-------------------------|------------------------|
| 2013-14 | 4,50,00,000             | 4,38,10,000            |
| 2014-15 | 3,00,00,000             | 2,84,24,000            |
| 2015-16 | 4,50,00,000             | 4,40,00,000            |
| 2016-17 | 1,50,00,000             | 1,05,47,480            |

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