Corporate Results of over 2500 companies Tuesday, January 25, 2000
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Sebi refers vanished firm cases to states 

 
January 24: The Sebi-constituted Central co-ordination and Monitoring committee which met today to review the actions taken by the task forces against vanished companies has decided to refer these cases to the state governments for initiating appropriate action under Indian Penal Code or other state Laws.

It has also been decided to refer these matters to other regulatory agencies for action from their end or to follow up with them. The committee reviewed the actions taken by Sebi and Department of Company Affairs in respect of such companies and noted that Sebi has issued notices to 49 companies and 142 directors of such companies prohibiting entry to capital market for a period of 5 years.

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