This refers to the report "Companies Bill passed" (August 9). The Bill has a provision for a "class action suit", for the benefit of shareholders. This will enable them to claim compensation from an "erring" company. Investors in India lost almost Rs 5,000 crore in the Satyam scam, though shareholders in the US received a compensation of Rs 675 crore by filing a class action suit. With this new provision, Indian shareholers can now get compensation by approaching the National Company Law tribunal.
Satish R Murdeshwar Pune.
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