DCA for speedy disposal of complaints

One officer each in the office of regional director or registrar of companies will attend to complaints of investors exclusively, an official statement said here.

In case of non-co-operation from the defaulting company in furnishing information, regional directors and registrars have been advised to initiate action under the penal provisions of the Companies Act, 1956, the statement said.

The officers have also been asked to keep the complainants informed of the action taken in the case. In the process of action, they can also take help from various government departments like Income Tax Authority, Securities and Exchange Board ofIndia (SEBI) and police.