January 31, 2002
‘7’
SETTLING INVESTORS’ COMPLAINTS
The Investors’ Protection Cell in the Department of Company Affairs (DCA) settled 144 complaints of investors satisfactorily during the month of December 2001. All these complaints belonged to individual investors like shareholders and depositors.
During the month, the Regional Bench of the Company Law Board (CLB) passed orders for payment of deposits in 562 applications under Section 58A of the Companies Act, 1956 and Section 45Q (2) of the Reserve Bank of India Act, 1934. The CLB also disposed of 245 applications of investors under other Sections of the Companies Act.