Action against Companies Based on Investor Grievances

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....ction against Companies Based on Investor Grievances <br>News and Press Release<br>Dated:- 4-9-2013<br><BR>The Ministry of Corporate Affairs has initiated action against 49 companies in 2010-11, 39 co....

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....mpanies in 2011-12 and 78 companies in 2012-13 based on investors' grievances. Giving this information in written reply to a question in the Rajya Sabha recently, Shri Sachin Pilot, Minister of Corpor....

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....ate Affairs, said that Securities and Exchange Board of India (SEBI) also initiates action for redressing complaints of non-payment of dividend/ interest on listed securities, pertaining to companies ....

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....listed with stock exchanges. Companies which fail to pay dividend face action under sections 11B/15C of the SEBI Act, 1992. Details of action taken for non-redressal of investor grievances year-wise, ....

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....during the last three years in respect of such companies are as follows: Financial Year Number of cases where Action taken under Section 11 Adjudication 2010-11 18 3 2011-12 11 6 2012-13 0....

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....4 10<BR> News - Press release - PIB....