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Media Release

 

Media Release

BSE resolved 122 investors’ complaints against companies during the month of August, 2017

 

Mumbai: September, 4, 2017: During the month, BSE received 183 complaints against 159 companies. In the same period 122 complaints were resolved against 105 listed companies. These resolved complaints include complaints brought forward from the previous periods. 

Type of complaints

Complaints received

Complaints resolved

 

 

 

Against

Active Companies

Against Suspended Companies

Total

Against Active Companies

Against Suspended Companies

Total

 

I

4

0

4

3

0

3

`

II

27

5

32

11

0

11

 

III

0

0

0

0

0

0

 

IV

133

2

135

85

1

86

 

V

0

0

0

0

0

0

 

VI

11

1

12

22

0

      22

Total

175

8

183

121

1

122

 

The complaints received by BSE from Investors have been categorized as under:

Type I

Non-receipt of money (Refund, Interest, Redemption, Fractional Entitlement.)

Type II : 

Non-receipt of Equity shares ( Demat & Physical : In Public/Rights issue,

Remat, Transfer, Transmission, Conversion / Endorsement / Consolidation/

Splitting / Duplicate Certificate)

Type III

Non-receipt of Debt Securities ( Demat & Physical : In Public/Rights issue,

Remat, Transfer, Transmission, Conversion / Endorsement / Consolidation/

Splitting / Duplicate Certificate)

Type IV

Non-receipt of Corporate benefits / entitlements ( Dividend, Bonus, Rights form,

 Buyback letter of offer, Delisting letter of offer, Annual Report )

Type V

Non-receipt of Interest for delay in : ( Refunds, Dividend, Interest on debt security, Redemption of debt security , Securities )

Type VI

Others ( Including Non-Adherence to Corporate Governance Norms )

 Companies with highest number of complaints pending as on 31st August, 2017

 

Sr. No.

Company Name

Category

Number of complaints pending as on 31/08/2017

1

Vatsa Corporations Ltd.

Z

1082

2

Geodesic Ltd

T

27

3

Osian Industries Ltd

XT

24

4

Indo-French Biotech Enterprises Ltd.

XD

19

5

Hindustan Development Corp, Ltd.

Z

17

6

Malvika Steel Ltd.

XD

17

7

J. K. Pharmachem ltd.

XD

16

8

Serene Industries Ltd.

P

16

9

Kunal Overseas Ltd.

XD

15

10

Continental Construction Ltd.

XD

13

 

Trading in the securities of the aforesaid companies has been suspended.

 

Media Contact

Yatin Padia

022 2272 8516

yatin.padia@bseindia.com