It has come to our attention that certain clients have approached the National Company Law Tribunal (NCLT) for reliefs instead of filling their claim as per the investor grievance redressal mechanism provided by Securities and Exchange Board of India (SEBI) and the Exchange. This can result in significant depletion of a Member’s assets, potentially leaving other clients without the ability to recover their dues.
The Exchanges, in joint consultation with the Industry Standard Forum (ISF), have decided that the concerned member shall report cases admitted in NCLT against such member or its promoters to the Exchange within one week of the admission of such case.
The Members are advised to provide such information, if any, to the Exchange via email to dis@bseindia.com in the format given hereunder.
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Name of the Member
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Clg. No.
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Client Name
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UCC
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Complaint against Member / its promoters
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Name of Promoters (if the complaint is against promoter)
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Date of the case admitted in NCL
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Reason for delay, if any
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All members are advised to take note of the above and ensure compliance.
For and on behalf of BSE Ltd.
Ravindra Palande Shilpa Mhapsekar
Additional General Manager Manager
Investor Services & IPF Investor Services |