TMI BlogAction against Companies Based on Investor GrievancesX X X X Extracts X X X X X X X X Extracts X X X X ..... Action against Companies Based on Investor Grievances X X X X Extracts X X X X X X X X Extracts X X X X ..... ompanies 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 Corpo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rate 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 04
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