Business Standard

Investor groups for easier refund norms, demand participative procedure

They said the procedure should be amended to make it more participative for those affected, and rules for restitution should be made simpler

investor, investment, markets, stocks, shares
Premium

The feedback comes on the back of a report last month, in which a high-level committee under the chairmanship of Justice Anil R Dave looked at enforcement issues, including restitution

Sachin P Mampatta Mumbai
Investor groups have sought easier regulations for recovery of losses suffered due to malpractices in the securities market.

Pointing out that recovered money seldom returns to the rightful owner, they said the procedure should be amended to make it more participative for those affected, and rules for restitution should be made simpler.

The feedback comes on the back of a report last month, in which a high-level committee under the chairmanship of Justice Anil R Dave looked at enforcement issues, including restitution. It had also sought comments from the public.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 21 2020 | 2:16 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com