Companies & Sectors
Softcell Technologies achieves five Symantec specialisations

Symantec specialisations recognise and reward partners who have built expertise around a particular technology or market solution. Softcell is a Symantec Platinum Partner

Softcell Technologies (Softcell) today announced that it has achieved Symantec Specialisations in the area of data protection, enterprise security, storage management, data loss prevention and small and midsized business (SMB). Symantec specialisations recognise and reward partners who have built expertise around a particular technology or market solution. Softcell is a Symantec Platinum Partner.

Symantec specialisations, which recognise partners with a proven expertise in a particular area of business, provide partners with the skills and experience required to deliver differentiated service to their customers. Symantec partners achieve specialisation by meeting certain requirements that deepen their knowledge and proficiency in a solution family, and specialised Symantec partners receive exclusive benefits as a result of their investment.

Sunil Dalal, managing director of Softcell says, "For over a decade Softcell has been working closely with Symantec to guarantee successful delivery and support of Symantec solutions to customers. Symantec specialisations are a key step forward in enabling our engineers to provide expert consulting, integration and technical support."

Softcell is a leading systems integration services company in India and specializes in sales of IT software, hardware, solutions and consulting services to corporate customers in India. Founded in 1989, it is headquartered in Mumbai with offices in Bengaluru, Chennai, Delhi, Hyderabad and Pune.


Corporate affairs ministry stops funding of investors’ forums without giving any reason

Funds were allocated to Investor Helpline and from the Investor Education and Protection Fund, which was created from unclaimed dividends and interest amounts from companies. Instead, a bulk of the funds has been going to associations of industries, many of which are responsible for investors’ problems

In a shocking move, the Investor Education and Protection Fund (IEPF), administered by the Ministry of Corporate Affairs (MCA) has terminated financial support to two projects, and, without giving any reason. Both projects benefited investors directly. Besides, the Fund itself has been created from dividends and interest amounts not claimed by investors.

What is all the more shocking is that IEPF now seems to fund industry associations, such as the Confederation of Indian Industry (CII), the Federation of Indian Chambers of Commerce and Industry (FICCI), Associated Chambers of Commerce and Industry of India (Assocham). Representatives of these bodies have also been inducted into the IEPF group of administrators and to help decide who gets the unclaimed funds transferred to IEPF by companies.

Investor Helpline ( was launched in 2006 as an alternative grievance redressal mechanism, while is a database on the regulatory actions taken by a slew of regulatory agencies against companies and market intermediaries, and corporate decisions to change their name or objects. Both websites were previously given financial aid by the IEPF.

IEPF was created by an amendment to the Companies Act, which requires companies to transfer seven years of unclaimed dividends and interest to the Fund. Matured deposits and debentures of companies were also credited to this fund. It also receives grants and donations from central and various state governments. Over Rs400 crore has been credited to the IEPF since its inception. The funds are first transferred to the Consolidated Fund of India from where it is allocated to the Investor Fund.

Interestingly, the ministry had early this year asked for a proposal to enlarge the scope of the Investor Helpline project for allocation of funds beyond the term of the project which expired on 30 June 2011. But, in a letter dated 6 July 2011, MCA declined giving funds it received through IEPF.

Moreover, the previous minister of corporate affairs Salman Khurshid had acknowledged the role of Investor Helpline in response to a question in parliament. He said, "The investor grievances redressal mechanism at the website is also serving as a useful electronic platform for the investors."

Virendra Jain, president, Midas Touch Investors Association, which set up and operated Investor Helpline, was apparently told by the ministry that financial support was being terminated because the grievance redressal mechanism of the ministry was already doing a competent job.

Mr Jain contests the claim. He said MCA's track record of solving investors' grievances is poor. Giving his own experience, he said that around 2,000 investor complaints were forwarded by Investor Helpline to the respective regional directors and registrars of companies, but they received acknowledgment for less than 15% of the complaints.

While Investor Helpline and Watchoutinvestor have appealed to IEPF and the MCA to continue the financial support, the composition of the Fund board and the manner in which it spends its resources has erupted into a contentious issue. It is not clear why IEPF administrators are almost entirely from lobbying associations of industry or intermediaries such as chartered accountants and company secretaries, as well as representatives of stock exchanges. It is also very strange that MCA does not think it necessary to appoint even one representative of investors on the committee.




5 years ago

that is how govt. of india works! they are dictators & autocrats. democracy is used only @ the time of election for THEIR GREED! ONCE ELECTED, THEY BEHAVE WORSE THAN COMMUNICSTS IN COMMUNIST COUNTRIES! THEY BECOME SADDAM HUSSEINs & GADDAFIs!




5 years ago

this is also a policy is taken by the ruling UPA Govt:; to declare we are standing for the commone people....and always taken the anti people activities.....please find this sudo stance...and fight aganst.....the trueth is they are always in corparate side....pls verifiy my opinion in light of somany recent decisions taken by the Govt; s.mohanan.

HC rejects Yeddyurappa’s bail plea

The Lokayukta court, which exempted former Karnataka CM BS Yeddyurappa from personal appearance on health grounds on Saturday, however, had directed him to appear before it on Monday

Bangalore: In a setback to former chief minister BS Yeddyurappa, the Karnataka High Court on Monday dismissed his anticipatory bail application in connection with alleged irregularities in denotification of land, reports PTI.

Justice L Narayana Swamy dismissed the application filed by MR Yeddyurappa, who had sought bail apprehending arrest.

Mr Yeddyurappa, who was admitted to a private hospital after suffering from high fever, diabetes and hypertension, has to appear before the Special Lokayukta court on Monday at 3.30pm as per its 27th August order.

The Lokayukta court, which exempted Mr Yeddyurappa from personal appearance on health grounds on Saturday, however, had directed him to appear before it on Monday.

The Lokayukta court on 8th August had issued summons to the former CM and 14 others on a private complaint filed by advocate Sirajin Basha alleging irregularities in denotification of land acquired by the Bangalore Development Authority (BDA) and thereby causing loss to the state exchequer.

The high court had reserved its orders on anticipatory bail plea on 26th August.


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