| Investorfriend.com, developed by the Lucknow-based Uptec, will contain a list of 4,900 defaulting companies and their present status. |
| The list will include non-banking finance companies, plantation companies, collective investment schemes, fixed deposit payment defaulters and non-compliance of listing agreements by companies listed on the Bombay Stock Exchange. |
| According to an estimate, about 5 million investors invested over Rs 25,000 crore in the companies that have vanished. |
| The website will also have parliamentary questions, says Virendra Jain, Midas secretary. |
| Between 2000 and September 2002, according to Jain, 90,000 questions were asked in the two houses of Parliament. Of these 1,200 questions related to the financial and capital markets. |
| These questions have been divided into 20 categories for an easy access. These categories include stock exchanges, non-performing assets, mutual funds and financial institutions. |
| One section has been devoted to Bills tabled in Parliament. |
| Other features of the website include facility for filing complaints, an explanatory vocabulary list and definitions of technical terms used in the financial markets. |
Top Section
Explore Business Standard