Investor’s protection involves various measures taken by regulatory mechanisms to protect the interest of investors from fraudulent and malpractices. Investor’s protection legislation is implemented under section 11(2) of SEBI Act, to take into consideration the interest of investors, the framework design for this purpose involves proper regulation on the activities performed by stock exchanges to carry out activities relating to investor awareness and training program. So it is the responsibility of the regulatory mechanisms to take various measures for the betterment of the interest of the investors. The emphasis under the present paper is given to issues relating to awareness about investors' rights and duties, opening up Mutual Funds business for private players, compulsory internal audit and secretarial audit for depository participants, and mandatory PAN for dealing in securities. Further, an attempt has been made to know the perception of investors towards these issues.