**Executive Summary:**
This document contains the Securities and Exchange Board of India (SEBI) Investor Protection and Education Fund Amendment Regulations, 2025. These regulations, effective from the date of publication in the Official Gazette, further amend the 2009 regulations concerning the Investor Protection and Education Fund. The amendments address the transfer of monies related to the delisting of equity shares and revise clause references within the regulations.
**Key Points / Main Content:**
* **Amendment Regulations:**
* These regulations are called the Securities and Exchange Board of India Investor Protection and Education Fund Amendment Regulations, 2025.
* They come into force on the date of their publication in the Official Gazette.
* **Amendments to the 2009 Regulations:**
* **Regulation 4:**
* In subregulation 1, after clause (l), clause (la) is inserted, concerning monies transferred according to clause (c) of subregulation 3 of regulation 38B of the SEBI (Delisting of Equity Shares) Regulations, 2021.
* **Regulation 5:**
* In subregulation 3:
* In clause (ii), the words "and (l)" are replaced with ", (l) and (la)".
* In the proviso, in clause (ii), the words "and (l)" are replaced with ", (l) and (la)".
**Impact Analysis:**
* **Securities and Exchange Board of India (SEBI):**
* Impact: Required to implement and enforce the amended regulations.
* Action Required: Update internal procedures and guidelines to reflect the changes.
* **Investors:**
* Impact: Indirectly affected through enhanced investor protection and education initiatives funded by the Investor Protection and Education Fund.
* Action Required: No direct action required.
* **Companies Delisting Equity Shares:**
* Impact: Affected by the inclusion of monies transferred from delisting of equity shares as a source of funds for the Investor Protection and Education Fund.
* Action Required: Comply with the new provisions regarding the transfer of monies as per the amended regulations and the SEBI (Delisting of Equity Shares) Regulations, 2021.
* **Intermediaries and other Stakeholders involved with Investor Protection and Education Fund:**
* Impact: Impacted by changes in fund allocation
* Action Required: Update internal procedures and guidelines to reflect the changes.
Key Entities Referenced
Securities and Exchange Board of India: A regulatory body for the securities market in India.
Securities and Exchange Board of India Act, 1992: An act of the Indian Parliament that established the Securities and Exchange Board of India (SEBI).
Securities and Exchange Board of India Investor Protection and Education Fund: A fund established by SEBI to promote investor awareness and protection.
Securities and Exchange Board of India Investor Protection and Education Fund Amendment Regulations, 2025: Regulations issued by SEBI to amend the existing Investor Protection and Education Fund Regulations.
Securities and Exchange Board of India Investor Protection and Education Fund Regulations, 2009: The original regulations governing the Investor Protection and Education Fund, which are being amended.
Securities and Exchange Board of India Delisting of Equity Shares Regulations, 2021: Regulations pertaining to the delisting of equity shares as specified by SEBI.
Mumbai, Maharashtra: The city in which the Securities and Exchange Board of India notification was issued.
Amit Pradhan: Executive Director at Securities and Exchange Board of India.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-एम.एच.-अ.-02092025-265899
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CG-MHxx-xEG-I0D2E0x9x2x 025-265899
असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 599] िई ददल्ली, मगं लिार, जसतम्ब र 2, 2025/भाद्र 11, 1947
No. 599] NEW DELHI, TUESDAY, SEPTEMBER 2, 2025/BHADRA 11, 1947
भारतीय प्रजतभजू त और जिजिमय बोडड
अजधसचू िा
म ंबई, 1 जसतम्ब र, 2025
भारतीय प्रजतभजू त और जिजिमय बोडड
[जिजिधािकता ड (जिििे क) सरं क्षण और जिक्षण जिजध] (सिं ोधि) जिजियम, 2025
फा. स.ं सबे ी/एलएडी-एिआरओ/िीएि/2025/256.—बोडड, भारतीय प्रजतभूजत और जिजिमय बोडड अजधजियम,
1992 (1992 का 15) की धारा 30 द्वारा प्रदाि की गई िजियों का प्रयोग करत े हुए, एतद्द्वारा भारतीय प्रजतभूजत और
जिजिमय बोडड [जिजिधािकताड (जििेिक) संरक्षण और जिक्षण जिजध] जिजियम, 2009 का और संिोधि करिे के जलए
जिम्नजलजखत जिजियम बिाता ह,ै अर्ाडत:् -
1. इि जिजियमों को भारतीय प्रजतभूजत और जिजिमय बोडड [जिजिधािकताड (जििेिक)संरक्षण और जिक्षण जिजध] (संिोधि)
जिजियम, 2025 कहा िा सकेगा ।
2. ये जिजियम रािपत्र में इिके प्रकाजित होिे की तारीख से लागू होंगे ।
5878 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
3. भारतीय प्रजतभूजत और जिजिमय बोडड [जिजिधािकताड (जििेिक)संरक्षण और जिक्षण जिजध] जिजियम, 2009 म,ें –
I. जिजियम 4 म,ें उप-जिजियम (1) म,ें खंड (ठ) के बाद, जिम्नजलजखत खंड िोडा िाएगा, अर्ाडत,् -
“(ठक) भारतीय प्रजतभूजत और जिजिमय बोडड [इदिटी िेयरों की असूचीबद्धता (डीजलसस्ट्टंग)] जिजियम, 2021 के
जिजियम 38ख के उप-जिजियम (3) के खडं (ग) के अि सार अंतररत (रांसफर) की गई रकम;”
II. जिजियम 5 म,ें उप-जिजियम (3) म,ें
i. खंड (ii) म,ें िब्दों, जचह्िों, अंक तर्ा अक्षरों “उप-जिजियम (1) के खडं (ञ), (ट)” के बाद और िब्दों
“के अि सार जिजध” से पहल े ददए हुए िब्द, जचह्िों तर्ा अक्षर “एिं (ठ)” के स्ट्र्ाि पर जचह्ि, अक्षर
तर्ा िब्द “, (ठ) एि ं(ठक)” आ िाएंगे ।
ii. परंत क म,ें खंड (ii) में, िब्दों, जचह्िों, अंक तर्ा अक्षरों “उप-जिजियम (1) के खंड (ञ), (ट)” के बाद
और िब्दों “के अि सार जिजध” से पहले ददए हुए िब्द, जचह्िों तर्ा अक्षर “एिं (ठ)” के स्ट्र्ाि पर
जचह्ि, अक्षर तर्ा िब्द “, (ठ) एिं (ठक)” आ िाएगं े ।
अजमत प्रधाि, कायडपालक जिदिे क
[जिज्ञापि-III/4/असा./332/2025-26]
पाद रटप्पण :
1. भारतीय प्रजतभूजत और जिजिमय बोड ड [जिजिधािकता ड (जििेिक) संरक्षण और जिक्षण जिजध] जिजियम, 2009,
अजधसूचिा सं. एल.ए.डी-एि.आर.ओ./िी.एि./2009-10/05/163525, द्वारा 19 मई, 2009 को भारत के रािपत्र म ें
प्रकाजित हुए र्े ।
2. भारतीय प्रजतभूजत और जिजिमय बोडड [जिजिधािकताड (जििेिक) संरक्षण और जिक्षण जिजध] जिजियम, 2009, तत्पश्चात:्
क) 9 िििरी, 2014 को भारतीय प्रजतभूजत और जिजिमय बोडड [जिजिधािकताड (जििेिक) सरं क्षण और जिक्षण जिजध]
(संिोधि) जिजियम, 2014, अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./िी.एि./2013-14/38/49, द्वारा
ख) 6 माच,ड 2017 को भारतीय प्रजतभूजत और जिजिमय बोडड (फीस का भ गताि और भग ताि का माध्यम) (संिोधि)
जिजियम, 2017, अजधसूचिा सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2016-17/037, द्वारा
ग) 28 फरिरी, 2023 को भारतीय प्रजतभूजत और जिजिमय बोडड [जिजिधािकताड (जििेिक) संरक्षण और जिक्षण जिजध]
(संिोधि) जिजियम, 2023, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2023/126, द्वारा
घ) 20 अिूबर, 2023 को भारतीय प्रजतभूजत और जिजिमय बोडड [जिजिधािकताड (जििेिक) सरं क्षण और जिक्षण जिजध]
(दसू रा संिोधि) जिजियम, 2023, अजधसूचिा सं. सेबी/एलएडी-एिआरओ/िीएि/2023/157, द्वारा
संिोजधत हुए र्े ।[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 1st September, 2025
SECURITIES AND EXCHANGE BOARD OF INDIA (INVESTOR PROTECTION AND
EDUCATION FUND) (AMENDMENT) REGULATIONS, 2025
F. No. SEBI/LAD-NRO/GN/2025/256.—In exercise of the powers conferred by section 30 of the Securities
and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further
amend the Securities and Exchange Board of India (Investor Protection and Education Fund) Regulations, 2009,
namely:-
1. These regulations may be called the Securities and Exchange Board of India (Investor Protection and Education
Fund) (Amendment) Regulations, 2025.
2. They shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Investor Protection and Education Fund) Regulations, 2009 –
I. in regulation 4, in sub-regulation (1), after clause (l), the following clause shall be inserted, namely, -
“(la) monies transferred in accordance with clause (c) of sub-regulation (3) of regulation 38B of the
Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021;”
II. in regulation 5, in sub-regulation (3),
i. in clause ii, the words and symbol “and (l)” appearing after the words and symbol “clauses (j), (k)”
and before the words “of sub regulation (1)” shall be substituted with the words and symbol “,(l)
and (la)”.
ii. in the proviso, in clause ii, the words and symbol “and (l)” appearing after the words and symbol
“clauses (j), (k)” and before the words “of sub regulation (1)” shall be substituted with the words and
symbol “,(l) and (la)”.
AMIT PRADHAN, Executive Director
[ADVT.-III/4/Exty./332/2025-26]
Footnotes:
1. The Securities and Exchange Board of India (Investor Protection and Education Fund) Regulations, 2009 were
published in the Gazette of India on 19th May 2009 vide notification no. LAD-NRO/GN/2009-10/05/163525.
2. The Securities and Exchange Board of India (Investor Protection and Education Fund) Regulations, 2009, were
subsequently amended on:
a) January 9, 2014 by the Securities and Exchange Board of India (Investor Protection and Education Fund)
(Amendment) Regulations, 2014 vide notification No. LAD/NRO/GN/2013-14/38/49.
b) March 6, 2017 by the Securities and Exchange Board of India (Payment of Fees and Mode of
Payment) (Amendment) Regulations, 2017 vide notification No. SEBI/LAD/NRO/GN/2016-17/037.
c) February 28, 2023 by the Securities and Exchange Board of India (Investor Protection and
Education Fund) (Amendment) Regulations, 2023 vide notification No. SEBI/LAD-
NRO/GN/2023/126.
d) October 20, 2023 by the Securities and Exchange Board of India (Investor Protection and Education
Fund) (Second Amendment) Regulations, 2023 vide notification No. SEBI/LAD-NRO/GN/2023/157.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.