SETTLING COMPLAINTS OF INVESTORS
The Investors
Protection Cell in the Department of Company Affairs (DCA) settled
106 complaints of investors satisfactorily during March 2002.
All complaints belonged to individual investors.
During
the month, the Regional Benches of the Company Law Board
(CLB) passed orders for payment of deposits
in
456 cases 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
322 applications of investors
under other Sections of the Companies Act.