As per the investors’ grievances data maintained by the Ministry of Corporate Affairs, action has been initiated against 319 Companies in 2012-13, 420 companies in 2013-14 and 2414 companies in 2014-15. This is an on-going process.

Non-payment of dividend/interest on listed securities, pertaining to companies listed at stock exchanges is actionable under sections 11B/15C of the SEBI Act, 1992.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha.

Non-payment of dividend or interest is actionable under SEBI Act sections 11B and 15C, prompting enforcement action. Enforcement action has been initiated against numerous companies based on investor grievance data, addressing non-payment of dividend or interest on listed securities as an actionable breach under specified securities regulation provisions; these proceedings form part of ongoing regulatory monitoring and complaint-driven enforcement.