Government has taken action against any company for non-initiation of any action on the complaints of their investors. Investors’ complaints received in the Ministry and its field offices are forwarded to the concerned companies for remedial action. In case the company fails to redress the grievance of the complainant and/or is found to be in violation of the provisions of the Companies Act, suitable action under the provisions of the Companies Act, 2013/1956 is initiated.

Prosecution related to investors’ complaints has been launched against 73 companies in 2012-13, 66 companies in 2013-14 and 102 companies in 2014-15.

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

Investor complaint enforcement prompts statutory action when companies fail to redress grievances under Companies Act provisions. Government forwards investor complaints received by the Ministry and field offices to concerned companies for remedial action and initiates proceedings under the Companies Act (2013/1956) if companies fail to redress grievances or are found in breach, with prosecutions recorded arising from such complaints.