Midas Touch Investors Associations will move the Supreme Court against the decision of the National Consumer Disputes Redressal Commission, which rejected its plea for compensation of Rs 4,987.5 crore
Class action, whistleblower protection and exit option likely to bring back investor confidence.
BSE says all requirements complied with.
Despite returns from gold down over 5% in the past three months, it is a good idea to keep this asset class in your portfolio.
There was no postal intimation to unitholders who didn't have a registered email address, according to a letter that Midas Touch Investors Association sent to Sebi.
A number of listed companies are not to be found on their registered address. The stock exchange has also been unable to contact them through other means. These 50 companies had been suspended for violations for more than six months. The BSE had reached out to them with show cause notices in December 2020.
Of 194 entities thrown off the exchange, BSE doesn't have promoter names or addresses for 168 firms; yet it has ordered all promoters to buy back shares
It pegs the value of these companies at Rs 2 lakh crore (Rs 2 trillion).
They took investor money via IPOs and then disappeared.
List of disappearing entities could see additions, for first time in 20 years.
NSE's own handle @nseindia was content tweeting out the press release in seven tweets.
Vadra launched Skylight Hospitality four months after the DLF shares got listed, amid complaints of inadequate disclosure from investor associations and former business partner Kimsuk Krishna Sinha.
Adani Enterprises has 14 resolutions to pass, Adani Ports & SEZ has 13, Adani Power 12.
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