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Volume : III, Issue : X, November - 2013 “ Playing With The Trust ” ( A Study Of Payment Crisis At Nsel ) Premlata , Monika Saini And Renu Yadav Published By : Laxmi Book Publication Abstract : Investment is the process where individuals (retail and institutional) park their savings into some securities or funds most important is “RISK OF DEFAULT”.
Here comes the question of INVESTOR PROTECTION. What if a borrower defaults payment? In such a case the investors are protected by Securities and Exchange Board of India. SEBI has issued SEBI (INVESTORS PROTECTION) guidelines in the year 2000 and these guidelines are amended from time to time in order to protect the shareholders and investors from unfair and fraudulent trade practices. But if any exchange is not regulated by SEBI then it is the bonafide investors who suffer. The same happened in case of National Spot Exchange Limited where more than 13000 investors invested their money. The money of these investors is now in the pocket of 24borrowers/owners of businesses. This article will throw some lights on the NSEL payment scam. We will encounter the causes of the scam and try to find out some ways to protect the investors from such kind of fiascos in future. Keywords : Article : Cite This Article : Premlata , Monika Saini And Renu Yadav, (2013). “ Playing With The Trust ” ( A Study Of Payment Crisis At Nsel ). Indian Streams Research Journal, Vol. III, Issue. X, http://oldisrj.lbp.world/UploadedData/3353.pdf References : - Bureau, E. E. (2012, October 16). ED quizzes Sinha; Shah, Massey seek more time from FMC. The Indian Express .
- BUREAU, E. E. (2013, October 14). Enforcement Directorate registers FIR against NSEL promoters, directors. The Indian Express .
- Bureau, E. E. (2013, October 22). NSEL crisis: NK Proteins MD Nilesh Patel arrested. The Indian Express .
- Chandrashekhar, G. ( 2013, August 08). How the NSEL crisis unfoldeded. THE HINDU .
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