The government of India has asked the investors who intend to invest their money in IPOs to check with the Ministry of Corporate Affairs on issues like the promoters` track record and regulatory compliances.
Similar alerts were earlier issued by the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), who had warned the investors not to be swayed by fraudulent tips and stock recommendations promising high returns.
The ministry said information like master data of companies, details on director and documents like annual returns and balance sheets as well as a list of vanishing companies are available on its website.
It said that in order to get an overview of the company, investors should compare the financial results and performance of the company over the last 3-5 years.
Monday, December 24, 2007
Govt. asks investors to be cautious
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