Prajna Capital - An Investment Guide

SMALL investors, who often suffer on account of delays in getting their grievances redressed, may cheer. The scope of consumer courts, that are known for providing faster justice on issues touching the life of normal citizens, are set to be expanded to provide small investors easier redressal to their grievances. The new Companies Bill, which is likely to be placed before Parliament this monsoon session, will call for strengthening consumer courts towards that end. The idea is to provide investors faster justice without spending much on legal expenses, which is quite unlikely if one approaches the courts. Investor protection in India is overseen by market regulator Sebi and the ministry of corporate affairs. Officials in the ministry of corporate affairs say that consumer courts are legally eligible to look into investment-related cases, but they need to have a specialised set up for such technical matters. The government also proposes to bring more clarity on the jurisdiction of such ...