NEW DELHI, October 11: Delhi Stock Exchange (DSE) has decided to deal strictly with companies failing to redress investor complaints, following a directive from Securities and Exchange Board of India (SEBI).SEBI in a letter last week had asked all stock exchanges to take tough action against firms who do not redress various investor complaints like non-payment of dividends.
The exchange officials said DSE will suspend trading in DCM Financial Services for its failure to redress mounting investor complaints regarding non-payment of dividend to the shareholders.
"We have decided to suspend trading in the company's shares for one week from tomorrow," DSE executive director S S Sodhi told PTI.
According to him, the exchange has over the past few months taken tough action against at least 35 companies including Rita Singh promoted Mescos group.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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