Watchoutinvestors.com Helps Avert Risk in Investing by Providing Timely Information About Regulatory Actions Across 35 Regulators and Investigation Agencies

A majority of investors, who would like to research companies before investing their hard earned money struggle to find credible information on government websites, since it is not published in an easily accessible and searchable format.

 

This is where services offered by watchoutinvestors.com come handy.

 

Watchoutinvestors.com 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. It was started with the sole objective of benefitting investors by making information about regulatory action available in the public domain.

 

It was set up in 2003 with support from the Investor Education and Protection Fund and over the next 15 years has grown into a giant resource, comprising data of 4.08 lakh entities, including 2.43 lakh corporate entities and 1.64 lakh unique individuals. It is today a must-use tool for serious researchers and investors in the capital market; as also for regulatory agencies who are often clueless about actions by other regulators, or the previous names and avatars in which companies existed under the head ’name changes'.

 

Watchoutinvestors.com covers 35 regulators, ministries and government authorities, including Association of Mutual Funds of India (AMFI), Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Central Board of Excise & Customs (CBEC), Central Bureau of Investigation (CBI) and Institute of Chartered Accountants of India (ICAI) among others.

 

The portal also tracks actions like arbitration award, easy exit scheme (MCA), official liquidators, and consent orders (SEBI).

 

Watchoutinvestors.com provides search facility for identifying action against persons or entities. Subscriber can view charges or actions against any entity based on regulator, charge or action. The portal also allows to create personal watch out list for the subscriber.

 

This unique services that helps investors to keep track on defaults, non-compliance, regulatory action, and legal actions against corporates.

 

This website and its service can be used by individual investors to get information about entities or persons before making any new investment, or to review existing portfolio or while dealing with them in any manner. Corporates and market participants can also use watchoutinvestors.com for due diligence.

 

 

Delhi-based Prime Investors Association & League, a not-for-profit organisation runs watchoutinvestors.com, which is updated on a daily basis.

 

Watchoutinvestors.com, is the world’s only national web-based registry covering entities including companies, intermediaries and individuals who, have been indicted for an economic default, have been non-compliant of laws and guidelines and are no longer in the specified activity.

 

"This information which was disorganised, difficult-to-use and was spread across a large number of sources like websites, databases, publications, notifications and orders of the government and of other organisations, agencies, courts of law, tribunals and commissions, has now been aggregated, indexed, standardised, reformatted and re-presented on our website in a form and manner that can be accessed in a user friendly manner," watchoutinvestors.com, says.

 

There are 3.87 lakh companies and individuals listed as non-compliant under the MCA. This includes, 1.30 lakh corporate entities and 2.57 lakh individuals, who have defaulted in compliance, reveals data compiled by watchoutinvestors.com.

 

The website has also listed 4.61 lakh persons disqualified from directorships by MCA as also the associated companies (for non-compliance of the Section 164 (2) (a) of The Companies Act). This includes 3.10 lakh company directors and 1.50 directors of associated companies disqualified by the MCA.

 

It has a list of 4,899 members of parliament (MPs) from Rajya Sabha and Lok Sabha, members of state legislative assemblies and members of state legislative councils under the politically exposed persons.

 

Between 2003 to 2012, watchoutinvestors.com was supported by investor education fund of the ministry of corporate affairs (MCA). After 2012, it is co-sponsored by the National Stock Exchange (NSE) and BSE.

 

Watchoutinvestors.com offers its services on an annual subscription basis. Its annual plan ranges from Rs75,000 to Rs1.45 lakh. This, excludes search facility based on permanent account number (PAN), director identity number (DIN) or company identity number (CIN), for which it charges Rs30,000 extra.

 

It is a pity that this service was started by the Investor Education and Protection Fund (IEPF) administered by the ministry of corporate affairs (MCA). Unfortunately, IEPF stopped supporting watchoutInvestors.com, forcing the service to charge a fee from users. But considering the value in the service it offers, the subscription charges are reasonable, especially for those who take an effort to study before investing their hard-earned money.

 

 

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COMMENTS

Sudeep Rajbhar

3 months ago

Sir I am wrote documents uploading what can I do please sir help me?

chinju Haridas

3 months ago

What step we have to take if we don't have bond.. because we have already submitted the bonds in the PACL office long back. Now only the acknowledgement paper with us. Can we upload the acknowledgement paper instead of bond while claiming our amount. Expecting your reply..

Hitesh Chawla

3 months ago

I have uploaded file in colour form.
Will i get my money.

uday powar

3 months ago

prosecutor for cdpp certificate refund application online
No receipt are allot from pacl only certificate i have

uday powar

3 months ago

sir i have allotment letter of plot, also have registration latter no. started with U071******, no receipt Numbers please tel me how i apply online refund...

Saidurga Internet

4 months ago

i need website clearly how to register

Thangaraj velu

4 months ago

Unable to register Or open account in PACL website. Whether possible without registration how we upload required document in PACL .

Ralph Rau

6 months ago

This should be a free service.

Are the people at the top of our government not investing in the markets ?

Perhaps if they were personally invested the markets would be better regulated starting with SEBI.

The move to restrain AMC fees is to be welcomed though !

REPLY

Sucheta Dalal

In Reply to Ralph Rau 4 months ago

Why should this be a free service when there is a cost attached to maintaining the database? However, it should be funded by investor education funds -- if they give adequate funding the site will surely be free!

Aditya G

6 months ago

I'm afraid the costs are prohibitive for the average, middle-class investor. I do have one query: does Watchoutinvestors use API of databases like MCA? Did MCA grant them "exclusive" access to their root database?

This looks like a total con to me -- create something under the auspices of IEPF, support for 2-3 years, grant them exclusive root access, then stop support, and then charge a bomb to end users who have "latched" on to their ecosystem.

IDK. Just thinking out loud.

PS: I don't deny Watchoutinvestors value to end users. But it can be done by anyone with API/root access -- pretty much like what NSE/BSE has done by giving API to software companies for updating price data, etc,.

REPLY

Gaurav Madan

In Reply to Aditya G 6 months ago

I agree to Aditya that the charges are prohibitive for retail individual investor. Watchoutinvestors is merely collating information from various sources it should not be priced very high. Further I believe the core objective of the website is in sync with IEPF objective, funding should continue to come from IEPF and ideally be near free for retail investors

Sucheta Dalal

In Reply to Gaurav Madan 6 months ago

I agree that funding needs to come from IEPF -- that was the objective of IEPF. It should also come from SEBI's investor protection f und. The problem in India is that someone like Prithvi Haldea, who does the hard work of collecting, collating and cleaning data and putting it in a searchable database -- that too FREE and for public service -- is treated by the government and ministry like he is a beneficiary.

People need to write and push IEPF to use the money for public benefit. IEPF also cut off funding to Midas Touch Investor Association's investor helpline that was successfully helping people get their Fixed deposits back for four year. Please read our articles and see the plight of senior citizens who have invested in FDs that have defaulted!!

People need to rise and support organisations doing good work. Otherwise it is a lonely and fruitless battle!

Raj

In Reply to Sucheta Dalal 5 months ago

Hi Sucheta,

This is a very useful website indeed. However the website does not have a link to subscribe. I sent an email, but received no reply. How can a potential investor subscribe when there is no link to subscribe?

Thangaraj velu

In Reply to Sucheta Dalal 4 months ago

Hi Sucheta Dalal Madam,
What is IEPF , How we communicate to them our issues

Sucheta Dalal

In Reply to Thangaraj velu 4 months ago

write to [email protected]

Demat for Physical Shares, Securities Certificate: Deadline Extended to 1st April
Giving some respite to investors, market regulator Securities and Exchange Board of India (SEBI) has extended the deadline to 1 April 2019 for converting physical shares and securities certificates in demat form. Earlier SEBI had fixed 5 December 2018 as deadline for the conversion of physical shares into demat.
 
The decision to extend the mandatory dematerialisation of physical stocks came after several representations and requests were made by scores of investors still holding scrips in physical form, SEBI said in a statement.
 
Earlier, in March this year, the market regulator had announced that securities and shares held in physical form will become illiquid after 5 December 2018 and anyone intending to trade physical shares will be able to do it only via a dematerialised or demat mode with a depository.
 
The SEBI mandate to dematerialise physical shares does not apply in case of transmission or transposition of securities. However, if an investor needs to transfer or sell or trade shares then it has to be held in a dematerialised form with a depository.
 
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User

COMMENTS

Arun chakkingalthody

3 months ago

sir,
i have allready uploaded all documennts in color format and completed application process is there any problem regarding that

Sagar kumar

3 months ago

sir pacl chek kaha se milega

Neeraj Mittal

6 months ago

how to get share transfer stamps at remote places.

K S Jegannathan

6 months ago

What is the solution for those who lost the share certificate?

SEBI Cautions Investors about Foreign Trading Portals
Market regulator Securities and Exchange Board of India (SEBI) has warned investors about trading in financial products including various types of derivatives traded on foreign platforms and offered through online web portals.
 
In an advisory, SEBI says, "These firms are operating from overseas, but providing/offering services to Indian residents. All investors are cautioned to avoid participating in such unregulated web portals or entities offering transactions in securities (including derivatives) which are executed or undertaken on the terminal of foreign exchanges or platforms."
 
SEBI said it noted that there are several firms or entities offering such trading services. To attract clients, these firms or entities solicit their business through various means of communications such as electronic messages, blogs, advertisements, websites, emails, leaflets or pamphlets, apps, and calls and also many such entities or portals are offering free online registration without complying with the basic know-your-customer (KYC) procedures. These entities, often, offer high level of leverage, low brokerage and other incentives for trading on overseas platform or exchange, it added.
 
"Such firms, web-portals and platforms are not supervised by any regulatory body in India. Further, the inherent complexity of the products offered by such firms, web-portals and platforms may not suit the risk profile of the investors and their excessive leverage can result in significant losses to investors," the market regulator says.
 
According to SEBI, in case of dispute, such investors would not be able to raise any kind of claim or dispute relating to such participation or enforcement of any agreement, contract or claim. In addition, recourses like rights of investors and investor protection under Indian securities laws, dispute resolution mechanism and investor grievance redressal mechanism will not be available to them.
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User

COMMENTS

Suresh Kumar Thakur

2 months ago

Sir I have a not bond but I have a 2 recpet

007

8 months ago

In addition, recourses like rights of investors and investor protection under Indian securities laws, dispute resolution mechanism and investor grievance redressal mechanism will not be available to them.

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