Investor protection group files case against Sebi, exchanges
“The stock exchanges have abjectly failed in monitoring listed companies and thousands of companies were not complying with the listing conditions and terms of agreement was well known to Sebi from time to time… Hence Sebi cannot justify its inaction spread over 10 years,” Midas said in the PIL. According to the PIL, the association’s website received 14,000 grievances from investors, out of which around 2,000 were against 450 companies that were suspended by the stock exchanges for non-compliance with the listing agreement.
http://www.livemint.com/2012/05/14222426/Investor-protection-group-file.html?d=2
“The stock exchanges have abjectly failed in monitoring listed companies and thousands of companies were not complying with the listing conditions and terms of agreement was well known to Sebi from time to time… Hence Sebi cannot justify its inaction spread over 10 years,” Midas said in the PIL. According to the PIL, the association’s website received 14,000 grievances from investors, out of which around 2,000 were against 450 companies that were suspended by the stock exchanges for non-compliance with the listing agreement.
http://www.livemint.com/2012/05/14222426/Investor-protection-group-file.html?d=2
