Shri Ram Jethmalani emphasized for more disclosures to be made by Corporates, Right to get more information from the companies will be brought within the ambit of Freedom of Information Act . All companies will be required to disclose legitimate information including financial and other to the public on request. At the same time, companies would be given protection from disclosing their trade secrets by insisting that only legitimate information be disclosed. This Act would repeal the Official Secrets Act which is existing at present and would act as a restraint on vanishing and fraudulent Companies. Further the Govt. plans to present a Bill on Competition in Parliament by April of this year thereby promoting competition among the Corporates, who will strive for excellence. He agreed to make changes in the recently introduced bill on Company Law to take into account the charter of demands given by the Investor. s Grievance Forum. He summed up by requesting the Investor Grievance Forum to educate the Investors so as to enable them to take a right decisions of investment.

Mr. Kirit Somaiya, presented investor. s Charter of Demand to Union Law Minister, Shri Ram Jethmalani , so that the some of the suggestions can be incorporated in the Companies Act Amendment Bill .The Charter of demands includes extension of Investor. s Protection Act as a Central Act, Introduction of NBFC Act, speedy disposal of the cases & disputes etc.

BSE has already identified 721 scips and put them in "Z" Category . Shri J.J.Bhatt suggested that a monetary penalty be imposed on the companies for not complying with the provisions of listing agreement. He desired that todays. s investor has to be an enlightened one so that he can take well informed investment decision.

Prof. Manubhai Shah.(CREC, Ahmedabad) suggested that since shri Kirit Somaiya is the member of the Parliament, he should register himself with standing /Consulatative Committee of Parliament & Petition committee and the same was accepted.