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BSCAL

The high-flying ideas and unrealistic and non-practical propositions of Mr Bhave of NSDL should be brought down to earth. Because it is these same eight companies, which inordinately delay transfers, don't reconcile their call money accounts, harass genuine public, falsely reject transfers, and are themselves highly unorganised and careless. Nowhere in the world are there two quotes for the same share and it is discriminatory of the individual investor to get lesser money because he holds his property in his hands. This should be challenged in a court of law.

The government has gone too far in expecting people to deposit their shares with depositories' registrars, as for a scam-ridden country where bank clearings take three days, it is unsafe to part with one's shares

 

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First Published: Sep 11 1996 | 12:00 AM IST

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