|
Activity:
Question posted: 09 09 2009 14:04:59 +0000,
4 answers, 288 views, last activity
07 06 2010 20:18:08 +0000
|
|
|
|
Many companies have raised huge money through IPO and after some years vanished or no information about the companies. At present there is no proper norms or rules to punish the vanishing companies. Before raising the IPO companies will show good results with huge profits and after raising the IPO the companies will misuse the funds and start showing losses continuously so that funds are eroded or the value is nil. When the company value is nil and there is no demand for the company products the company management will go to governement for bail out, but many times government will not be in position to bail out all these companies. Ultimately the companies will be closed without informing the share holders also. Just for example can any one tell what has happened to the following comapnies.
1) Asian Consolidated Industries Ltd
2) Novo Iron & Steel Ltd.
3) OPTEL TELECOMMUNICATION LTD4)
4) REAL VALUE APPLIANCES
5) SOMANI CEMENTS LTD.
What should the Government do to punish the Managements of vanishing companies ?
Thanks to Mr. Sandesh. You have given very valuable suggestion. Many companies have already raised enough money and vanished what is your suggestion for recovering money from these vanished companies.
government should allow only management which have the capability to manage such a huge law system and so much of paper work companies which can afford the listing agreement and have the aptitude for corporate governance they shoul dallow public issue above 25 crore only.because only big companies and management which hav ethe capacity have earned 25 crores in there life time can be trusted to deliver results on a continious basis.
there should be a test and the people intending to come out with public issues should have a track record.like doctors who are suppose to treat public at large have to go thru training,chartered accountants have to go thru cumpulsory training,brokers and sub brokers have to go thru cumpulsory training management which want to go for public issue should have cumpulsory to go thru training and they should be made aware of the issues involved with ipo and subsequent procedure and responsibilities.
managing a public issue and listing agreement and listing requirements is not a easy job those who thought they could do it and came out with small issues have voluntarly delisted or have got there companies suspended because managing shareholders and listing requirement is not easy.
many of the vanishing compnaies are those which raised 50 lakhs to 5 crore rupees from the market and they have been flashed again and again in public domain.
needs skills.
Governement should make certain norms in such way the companies cannot show losses continuously for more than 3 years and Government should take over the companies showing losses more than 3 years.
The simplest thing government can do is to create demand among people. If demand is not there, then its obvious companies will close.First government should create need then it should promote these products...
- Create a confidential Career Profile and Resume/C.V. online
- Get advice for planning their career and for marketing of experience and skills
- Maximize awareness of and access to the best career opportunities
|
|
No vs Yes |
|
|
0 referals
3 arguments,
199 views
|
|
|
It has been debated in the Press stating that Anna Hazare is black mailing the government. One... |
|
|
1732 referals
92 arguments,
3636 views
|
|
|
Income tax : First they said anyone who has annual income upto 5 lacs will not have to file IT... |
|
|
1910 referals
17 arguments,
483 views
|
|
|
|
|
|
|
|
|
.. |
|
|
0 referals
0 answers,
0 views
|
|
|
How Indian companies going to adopt this new technology.How cloud computing application going to... |
|
|
0 referals
0 answers,
0 views
|
|
|
Sorry for disturbing you. I request to go through below write-up/profile as a short... |
|
|
1 referals
0 answers,
0 views
|
|
|
|
|
|
|
The difference between whole current meter and CT meter is whole current meter is without current transformer and the CT meter is with current transformer (CT). |
Whole current meter will measure the actual current directly without using the transformer. CT meter will have current transformer to reduce the high current to low current and the meter connected to CT will give the reduce current reading equivalent... |
A poor man had no land and prayed to God for some land. God appeared to him and told him that all that he could cover from dawn to dusk would be his land. The man set off the next morning without sleeping a wink. Though he had covered enough land... |