Investor groups for easier refund norms, demand participative procedure

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.