|
|
This is only a preview of the paper
Click here to register and get the full text.
Existing members click here to login
|
|
|
This scam refers to the many companies that were floated and which raised public funds through initial public offernings only to later disappear without a trace taking with them, the investors capital. The root of this menace can perhaps be traced to 1992 when, in the name of `liberalisation, the government abolished the office of the Controller of Capital Issues (CCI) with a one-line order and asked the Securities and Exchanges Board of India to monitor the capital market. ... The lack of coordination and the animosity between fellow regulators have led to such a pass that even after ten years after the scam, nobody has a conclusive idea as of the kind of money that has been siphoned off by fly-by-night companies that tapped the markets - perhaps running into several thousands of crores of rupees.
Approximate Word count = 820
Approximate Pages = 3.3
(250 words per page double spaced)
|
|
|
|
|
|