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This is an archive article published on October 12, 1998

DSE clampdown on defaulters

NEW DELHI, October 11: Delhi Stock Exchange DSE has decided to deal strictly with companies failing to redress investor complaints, fol...

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NEW DELHI, October 11: Delhi Stock Exchange DSE has decided to deal strictly with companies failing to redress investor complaints, following a directive from Securities and Exchange Board of India SEBI.

SEBI in a letter last week had asked all stock exchanges to take tough action against firms who do not redress various investor complaints like non-payment of dividends.

The exchange officials said DSE will suspend trading in DCM Financial Services for its failure to redress mounting investor complaints regarding non-payment of dividend to the shareholders.

quot;We have decided to suspend trading in the company8217;s shares for one week from tomorrow,quot; DSE executive director S S Sodhi told PTI.

According to him, the exchange has over the past few months taken tough action against at least 35 companies including Rita Singh promoted Mescos group.

 

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