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«
Condensed I-T Act from April
2008... |
I-T is
ready to pamper the crorepatis... » |
Grievance redressal
online, courtesy MCA |
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September, 12th 2006 |
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Investors
suffering a raw deal from
corporates now have the
option of getting their
complaints redressed online.
Ministry of company affairs Prem
Chand Gupta
recently launched a helpline
which allows investors and
deposit-holders to lodge
complaints with regulators like
the RBI, Sebi, the Registrar of
Companies and the ministry
itself. Investors can also track
the progress online. The website
developed by investor justice
association Midas Touch is
financed by the ministry’s
Investor Education and
Protection Fund. Mr Gupta said
that as soon as a complaint is
registered with the
‘Investor Helpline’, it would be
forwarded to the company and the
regulator concerned. If the
company does not respond in
time, the appropriate regulator
would be requested to intervene.
To begin with, the helpline has
been given a support of Rs 30
lakh from the IEPF. Mr Gupta
said this initiative is in line
with the UPA government’s
priority to protect the
interests of investors and
become a paperless entity. Now,
with the e-governance
initiative, it is possible for
the
public to verify online all
public documents
filed by companies. |
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