The amount accumulated in the Investor Education and Protection Funds shall not be used for: (a) Refunds in respect of unclaimed dividends, matured deposits, matured debentures, application money due for refund and interest thereon. (b) Reimbursement of legal expenses incurred in pursuing class action suits under section 37 and 245. QUESTIONS AND ANSWERS CA Dreamers the Avenger 9354719404 www.cadreamers.com 70 (c) Grants or donation to the Central Government for the purpose of investor’s education and training. (d) Distribution of any disgorged amount among eligible and identifiable applicants who have suffered losses

The amount accumulated in the Investor Education and Protection Funds shall not beused for

if the indian tribe writes a grant for 40 students but only 5 students participated do you have to give the money back?

What happens when you withdraw funds from an RESP for educational purposes?a) The funds are taxed at the student’s rate, which is often lower. b) The funds are taxed at the contributor’s rate. c) The funds are not taxed. d) The funds are subject to a penalty.

Which part of a financial-aid package needs to be repaid?Group of answer choicesfederally guaranteed loanswork-study programsPell grantsAll of these choices

Obtaining funds from private investorsMultiple Choiceis covered by Regulation D.is a public offering.is inappropriate for new ventures.involves a great deal of time and expense.