Friday, February 5, 2016

SEBI and Retail Investots in Ltd Companies

SEBI should bring about once in a while with reports on Companies which have 1) Excellent Corporate Governance Standards 2) Good Dividend payment records 3) Good Bonus declarations 4) fudged accounts having subsidiaries  and  window dressing of balance sheets by showing losses in some subsidiaries  5) delayed conduct of AGMs and delayed payment of dividends etc 6)  raised funds through IPOs and failed to keep their promises. Some of the IPOs are greedily priced and after raising the funds nothing is known about the Companies..7) failed to conduct AGMs and have not been informing anything about what they are doing. 8) have defaulted to banks and have been rated by banks as Non Performing Assets..9) Auditors and Accountants not well reputed and rated by the Chartered accountants Association of India 10) failed to Comply with the Government's regulatory requirements like PF Remittances, Excise duties, tax payments etc  11) Excellent track records for contributing towards the Corporate social responsibility.
The retail share of investors need to be augmented to prevent volatility in the market.More the retail investors the better for the Companies, for the economy and the market.The SEBI needs to be more proactive to make the Companies perform well in all respects by openly reconising them for their contribution to the economy in terms of GDP growth, Corporate Governance Standards and satisfying the Customers and the shareholders as well. 
Dr T V  Gopalakrishnan   

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