BSE resolved 165 investor’s complaints against companies during the month of February 2023


National: March 02, 2023: During the month, BSE received 154 complaints against 110 companies. In the same period 165 complaints were resolved against 119 companies. These resolved complaints include complaints brought forward from the previous periods.

Type of complaintsComplaints receivedComplaints resolved
AgainstActive CompaniesAgainst Suspended CompaniesTotalAgainst Active CompaniesAgainst Suspended CompaniesTotal

The complaints received by BSE from Investors have been categorized as under:

Type INon-receipt of money (Refund, Interest, Redemption, Fractional Entitlement.)
Type II Non-receipt of Equity shares ( Demat & Physical : In Public/Rights issue,Remat, Transfer, Transmission, Conversion / Endorsement / Consolidation/Splitting / Duplicate Certificate)
Type IIINon-receipt of Debt Securities ( Demat & Physical : In Public/Rights issue,Remat, Transfer, Transmission, Conversion / Endorsement / Consolidation/Splitting / Duplicate Certificate)
Type IVNon-receipt of Corporate benefits / entitlements ( Dividend, Bonus, Rights form, Buyback letter of offer, Delisting letter of offer, Annual Report )
Type VNon-receipt of Interest for delay in : ( Refunds, Dividend, Interest on debt security, Redemption of debt security , Securities )
Type VIOthers ( Including Non-Adherence to Corporate Governance Norms )

Below table shows highest number of complaints pending against suspended companies as on February 28, 2023

Sr. No.Company NameCategoryNumber of complaints pending as on 28/02/2023
1.Inceptum Enterprises LimitedZ  23
2.J.K.Pharmachem Ltd.XT  16
3.Gujarat Perstorp Electronics Ltd.P  12
4.Gujarat Narmada Flyash Co. Ltd.XT 12
5.Teem Laboratories Ltd.,X  12
6.Negotium International Trade LimitedXT11
7.Blazon Marbles LimitedX  11
8.Global Securities LimitedXT10
9.Willard India Ltd.,XT9
10.Rane Computers Consultancy LtdP8

These aforesaid companies are presently suspended at the Exchange for surveillance reasons/ certain non-compliances with the listing regulations/procedural reasons or as per operation of law.

About BSE

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.

BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market, and stimulate innovation and competition across all market segments.

Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE and other exchanges trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.

Leave a Reply