BSE resolves investor complaints against 56 listed entities
Published: Jul 05, 2017
By TIOLCORP News Service
NEW DELHI, JULY 05 2017: During the month of June, The Bombay Stock Exchange (BSE) had received 89 complaints against 78 companies. During the same period 75 complaints were resolved against 56 listed companies. These resolved complaints include complaints brought forward from the previous periods.
Bombay Stock Exchange (BSE) provides an efficient and transparent market for trading in equity, currencies, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME).
The BSE had received 47 complaints for non-receipt of corporate benefits or entitlements (Dividend, Bonus, Rights form, Buyback letter of offer, Delisting letter of offer, Annual Report) out of which 31 was resolved. Pertaining to this around 18 complaints were registered before BSE for non-receipt of equity shares (Demat & Physical : In Public/Rights issue, Remat, Transfer, Transmission, Conversion or Endorsement or Consolidation or Splitting or Duplicate Certificate) whereby all were resolved by the exchange on time.
Further, BSE had received 17 complaints from investor with regard to non-adherence to corporate governance norms which was equally resolved by the exchange.
Trading in the securities has been suspended for the companies with highest number of complaints pending as on June 30, 2017.