The Securities and Exchange Board of India (SEBI) has updated the payment process for the Investor Protection and Education Fund (SEBI IPEF). Effective immediately, all payments must be made exclusively through a new online portal. This portal, accessible via a link on the SEBI website (sebi.gov.in), allows for payments through net banking, NEFT/RTGS, debit cards, and UPI. When making payments, individuals will need to provide necessary details such as name, PAN, contact information, and payment purpose.
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 mod
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FAQ :
The main change is that payments to the SEBI Investor Protection and Education Fund (SEBI IPEF) must now be made exclusively through a new online portal.
You can make payments through the new online portal using net banking, NEFT/RTGS, debit cards, or UPI.
The link can be found on the homepage of the SEBI website (sebi.gov.in) under the heading 'Click here to make payment to SEBI IPEF'.
You will need to provide your name, PAN, mobile number, email ID, the purpose of the payment, and the amount to be paid.
No, demand drafts are no longer accepted; payments must be made only through the new online portal.
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Notification No : SEBI/HO/GSD/TAD/P/CIR/2023/149Published in Investments & Personal Finance
Source : https://www.sebi.gov.in/legal/circulars/sep-2023/change-in-mode-of-payment-w-r-t-sebi-investor-protection-and-education-fund-bank-a-c_76474.html