TaxTMI 
TaxTMI 
Action on Investor Complaints
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....ction on Investor Complaints <br>News and Press Release<br>Dated:- 15-3-2016<br><BR>Press Information Bureau Government of India Ministry of Corporate Affairs 15-March-2016 17:59 IST Action is tak....
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....en on all such cases for which action was contemplated by Government for the disposal of investor complaints. Investors' complaints received in the Ministry of Corporate Affairs and its field offices ....
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....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 Companie....
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....s Act, suitable action under the provisions of the Companies Act, 2013/1956 is initiated. Further, in the meetings of the 'Investors Complaints Resolution Forum' held in offices of Registrar of compan....
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....ies from time to time, complainants and representatives of companies meet and discuss to resolve investor grievances. On receiving information about alleged illegal activities of Companies, inspectio....
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....ns, investigations and where necessary prosecutions are carried out. Prosecution related to investors' complaints has been launched against 73 companies in 2012-13, 66 companies in 2013-14 and 102 com....
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....panies in 2014-15. This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today. ***** DSM/KA<BR> News - Press release - PIB....