Financial Daily from THE HINDU group of publications
Thursday, Jan 13, 2005
Financial Daily from THE HINDU group of publications Thursday, Jan 13, 2005 |
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Opinion
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Letters MAPIN issues
Stringent rules and regulations have been laid down for market participants and investors. Client registration with solid documentary support has been made mandatory and MAPIN registration is being made compulsory for those whose level of transaction exceeds Rs 1 lakh. These measures will surely help in identifying the real client and fixing responsibility whenever the need arises. But neither the regulatory authority nor the Company Law Board has given serious thought to one vital matter: the continued existence of equity shares of a large number of companies in physical form. Worse still, several among them remain unlisted. The gullible small and medium investors who have unwittingly bought such shares are stuck with them. A listing of all equity shares and their dematerialisation should be made mandatory. Such a step will be of immense help to the suffering investors, mostly belonging to the middle-class. K. D. Viswanaathan Coimbatore
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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