In June 2004 the Regional Benches of the Company Law Board passed orders regarding payment of deposits in the case of 69 applications under Section 58A of the Companies Act, 1956 and Section 45QA(2) of the Reserve Bank of India Act, 1934. Under other Sections of the Companies Act, 179 applications were disposed of.
Also, 272 complaints were satisfactorily settled by the Investor Protection Cell in the same period.
(Release ID :3018)