Financial Daily from THE HINDU group of publications
Thursday, Apr 08, 2004

Cross Currency

Group Sites

Opinion - Letters

ONGC shares

This is with reference to the editorial "Registrar in the dock" (Business Line, April 7). As the editorial rightly points out, the confusion in the ONGC share allotment has brought under scrutiny the role of registrars in a public issue of shares. The Centre must see to it that the interests of the retail investor are protected.

As pointed out in the editorial, "The resultant post-issue mess, involving the issuer, the stock exchanges, the investors and the Securities and Exchange Board of India, besides the registrar,has taken the sheen off what has been a highly successful season for the government-issuer."

It is unwise to the role of the registrar for granted.

M. Kumar


Letters to the editor and contributions can be sent by e-mail to:

More Stories on : Letters | Public Offer

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Local standards are very foreign to CAs

Oil anxiety
Short credits in long sentences
When a handful shows more stones than rice
Accounting is too serious a job for part-timers
Sixteen going on accoun-teen!
Forex market: The Indian script
Nuclear weapons and Kashmir — A composite dialogue with Pakistan
Keeping the word
Cotton price
ONGC shares

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line