Cuttack: The Justice Madan Mohan Das Commission, which is identifying small investors duped by dubious financial companies, has submitted an interim report - the fourth in three years -to the state government to decide on the entitlement of investors eligible for compensation.

The single-member panel expected the government to take a decision on the payment of compensation to another 55,563 small investors who had deposited Rs 10,000 or less.

The commission has compiled the list along with amount of compensation payable and modality of payment, highly placed sources told The Telegraph.

Justice Das, who took charge of the commission on February 5, 2015, following the death of Justice R.K. Patra, submitted his report to the Naveen Patnaik government on Thursday.

"The fourth report was received by state home department's secretary Asit Kumar Tripathy," commission's secretary Devraj Rout told The Telegraph.

With the submission of the third interim report, the number of small investors identified and recommended as eligible for compensation has gone up to 1,16,504, sources said. The four interim reports have named over 350 dubious financial companies that had duped small investors.

The additional job assigned to the commission after Justice Das took charge was to "to identify the bona fide investors affected by transactions of fraudulent financial establishments and companies and to suggest the modality of payment of compensation, the names of small investors eligible for compensation and the amount of compensation payable from the corpus fund or otherwise".

The commission had since been identifying small investors who had deposited Rs 10,000 or less from among the 8.17 lakh affidavits received by it.

Sources said the scrutiny of 5.93 lakh affidavits had been completed in five phases. While completing scrutiny of 3.41 lakh affidavits in the first four phases, the commission had submitted three interim reports to the government, recommending the names of 60,941 small investors eligible for compensation.