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Old 03-17-2008, 08:21 PM   #1 (permalink)
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Join Date: Mar 2008
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Default fraud company on BSE

Dear Friend, I need help to identify regarding some company which is not trading on NSE/BSE but the physical share certificate still present with us,

I would like to know what we can do with that certificate as the company was formed before 10-15 Years and now no more trading on index

The certificate still existing with us,

Rgds,
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Old 03-18-2008, 07:49 PM   #2 (permalink)
 
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There can be several reasons for a company's share not getting traded in the stock exchange. The company might have closed down its operations due to losses; might have been delisted in the exchanges; could have been taken over by other companies etc.

Many IPOs of fly-by-night operators who utilised the boom period of the early '90s to cheat the public have vanished. Some of them exist only in name without getting traded. If you can indicate the name of the company, probably we may try to search for additional info. But in a majority of these cases, the public investment may be considered as good as dead.
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Old 03-27-2008, 08:36 PM   #3 (permalink)
 
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You can check the status with SEBI (whether listed, when delisted, if taken over etc.):

http://www.sebi.gov.in/Index.jsp?con...ction&sec_id=4

Alternatively you can also check with Ministry of Corporate affairs:

MCA21::Information:Vanishing Companies
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