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Showing posts from December, 2023

ITC Limited IPO Shares Listed Without Government Permission In 1970

  Mumbai: As per SEBI RTI reply they have no information about ITC Limited Share listing approval from Govt of India or SEBI . As per BSE site the ITC was listed on 22 Dec 1970. As per section 3 of Capital issue controller act 1947 controller permission is mandatory for investor safety to list any issue . The ITC management did not taken permission from Ministry of Finance and listed IPO at BSE . As per Section 15 HA of SEBI act 1992 it is offence and SEBI can penalize 3 times of profit till date. The matter was raised to SCORES but SEBI failed to take action as matter is very old. Company also not responded when complaint was raised on 6 July 2023 at investors grievance email id. Compliance officer Shri Rajan Singhi denied any such allegation and suggested to sell shares if the investor is not satisfied with violation of rule of law.  Print All Registration Number  : SEBIE/WB23/0000660/1 Name of Complainant  : Sapan Shrivastava Current Status  : Case disposed of Case Resolved by  : De