Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
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First and foremost, the time taken to sell the assets so far is absolutely not efficient and Lodha committee has not informed the customers of how much funds have been collected after selling the assets.
Moreover, I had submitted the grievance on Sebi's portal back in 2014 or 2015 and I never received any reply from SEBI.
Furthermore, I also submitted a grievance to our Prime Minister. The reply I had received back then was that my grievance was forwarded to the concerned team but so far I haven't got the refund.
I have invested more than 6 Lakhs and the promised refund is 9 Lakhs over 6 years. We all know that all judicial system is extremely inefficient and corrupt. Recently, in news one of the judge had cancelled the hearing because the lawyers were fighting against each other. It took more than 17 years for Sebi and Indian Judicial system to stop the CIS scheme and to close the company.
To Surmise, India loots it's citizens for 17 years. No refund in 2 years. The method to submit the documents for the customers to claim the refund is poor. This is Digitization where customers are submitting the documents but we do not know how many officials are hired by Lodha committee to work on the refund request. We know for sure that this is not the correct approach to refund the money.