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Investors may be able to file class action suits

Investors may be able to file class action suits
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First Published: Wed, Oct 28 2009. 11 45 PM IST
Updated: Wed, Oct 28 2009. 11 45 PM IST
New Delhi: India will amend the Companies Act to allow investors to file class action lawsuits and seek compensation from companies.
The government is also seeking to restrict board membership of independent directors, corporate affairs minister Salman Khurshid said.
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First Published: Wed, Oct 28 2009. 11 45 PM IST