TaxTMI 
TaxTMI 
FM: Action taken against 271 companies in last three years to safeguard investors
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....M: Action taken against 271 companies in last three years to safeguard investors <br>News and Press Release<br>Dated:- 24-6-2019<br><BR>In order to redress investors 'grievances, action has been initi....
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....ated against 95 companies in 2016-17, 101 companies in 2017-18 and 75 companies in 2018-19 under various provisions of the Companies Act. This was stated by the Union Minister of Finance & Corporate A....
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....ffairs, Smt. Nirmala Sitharaman in a written reply to a question in Lok Sabha today. Citing rules, Smt. Sitharaman stated that Section 178(5) & 178(6) of the Companies Act, 2013 mandate that every co....
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....mpany having more than 1,000 shareholders, debenture holders, deposit holders and any other security holders shall constitute a Stakeholders Relationship Committee to consider and resolve the grievanc....
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....es of the security holders of the company. Further, to safeguard small investors trading in exchanges in stocks of companies that default on payment, Securities and Exchange Board of India (Sebi), in....
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.... last three years, has initiated action against 22 companies under section 15-I (Adjudication Proceedings) of the Sebi Act, 1992 and against 211 companies under section 11B (Issue of Directions to Com....
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....panies) of the Sebi Act, 1992, the Minister added. The Minister further informed that during the year FY 2018-19 Sebi has received 2,453 complaints for non-payment of dues and resolved 2,746 complain....
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....ts which include complaints pertaining to previous years also.<BR> News - Press release - PIB....