Remittance of code violation amounts to the SEBI IPEF
The transfer to the SEBI Investor Protection and Education Fund of any amount a company collects from a designated person for breaching its insider trading code.
Remittance to the SEBI IPEF
Counted from collection of an amount from a designated person for a code of conduct violation
- SEBI
- Insider trading and takeovers
- Not specified
- 2026-09-01
The duty is triggered by the collection, with no number of days in the rule. Clause 12 of Schedule B to the PIT Regulations requires amounts collected from a designated person for a code of conduct violation to be remitted to the SEBI Investor Protection and Education Fund. Paragraphs 4.2.3 and 4.2.4 of the Master Circular on Surveillance of Securities Market set out the payment route, which is the IPEF link on the SEBI homepage.
Deadlines counted from an event
Remit any amount collected for a code of conduct violation to the SEBI Investor Protection and Education Fund, through the payment route in paragraphs 4.2.3 and 4.2.4 of the Master Circular on Surveillance of Securities Market. Clause 12 names no period, so no date is computed.
The rule
Remit any amount collected for a code of conduct violation to the SEBI Investor Protection and Education Fund, through the payment route in paragraphs 4.2.3 and 4.2.4 of the Master Circular on Surveillance of Securities Market. Clause 12 names no period, so no date is computed.
Who must comply
- Every listed company that has collected an amount from a designated person for a code of conduct violation
- Where the company takes non-monetary action only, there is nothing to remit
Statutory basis
- PIT Schedule B clause 12, action against a designated person and remittance of amounts collected, read with Reg 9
- PIT Regulations, 2015, consolidated text as amended to 12 March 2025 (PDF)
- Master Circular on Surveillance of Securities Market, paragraphs 4.2.3 and 4.2.4, remittance to the SEBI Investor Protection and Education Fund
Before you file
- Establish the amount collected from the designated person.
- Keep the record of the violation and the action taken.
- Choose the payment method: net banking, NEFT or RTGS, debit card, or UPI.
How to file
- Open the IPEF payment link on the SEBI homepage.
- Pay the amount collected to the fund.
- Keep the payment confirmation with the violation record.
- Do not keep the amount in the company's own accounts.
If you miss it
Retaining an amount that clause 12 requires to be remitted is a contravention of the regulations, so section 15HB of the SEBI Act applies at up to ₹1 crore. The sweep establishes the obligation and the payment route rather than a separate consequence for a late remittance, so no other figure is quoted here.
- An unremitted amount sits in the company's books as a benefit from its own designated person's breach, which is the appearance clause 12 exists to prevent
Recent changes affecting this
Common questions
Can the company keep the amount it collects?
No. Clause 12 of Schedule B requires it to go to the SEBI Investor Protection and Education Fund.
How is the payment made?
Through the IPEF link on the SEBI homepage. Paragraphs 4.2.3 and 4.2.4 of the Master Circular allow net banking, NEFT or RTGS, debit card and UPI.