Market regulator Sebi has barred two companies - Ravraj Impex and Shatrunjay Extrusions - from the securities market until they resolve all pending investor grievances against them.
Further, the ban will continue until they get registered with Sebi's online complaint system SCORES.
In separate orders, Sebi has restrained and prohibited the two firms from "accessing the securities market and from buying, selling or dealing in securities, directly or indirectly, in whatsoever manner, till it obtains SCORES authentication...And resolves all the investor grievances pending against it".
The capital markets watchdog found that five investor complaints were pending against Shatrunjay Extrusions as on June 11, and three against Ravraj Impex till June 1.
Most of the complaints were related to non-receipt of shares after transfer.
The Securities and Exchange Board of India (Sebi) noted that some of the complaints were pending unresolved since 2001.
