MRF founder Mammen Mappillai’s father was the owner of a bank as well as a newspaper but all his assets were seized by then princely state of Travencore.
The president in his letter said that many small companies which are inactive and do not want to continue should be given a chance to apply for delisting from the stock exchange and should be allowed to do so by paying a nominal charge
Coimbatore in south west Tamil Nadu is known as the Manchester of South India and no wonder that in the 1970s and 1980s it offered a varied palette of companies in the manufacture of textiles and related businesses to the trading floor of the then vibrant Madras Stock Exchange.
Madras Stock Exchange comes under purview of ESI Act, Labour Court rules thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Letters to the editor dated February 26, 2021
|
Updated on
Should IBA be under RTI?
This has reference to ‘Why is Indian Banks’ Association not under RTI?’ (February 26). The IBA is a unique arrangement and it is undertaking many supportive activities for banks, including wage settlement for bank employees. It is not compulsory for banks to become member of the IBA and the latter s decisions are not binding on any participant either.
But the IBA is privy to many developments in banks and is in a position to influence many industry-level decisions.
It is not the ownership of an organisation but the beneficial interest that is relevant and if the government has any direct or indirect role in its functioning that organisation should be brought under the RTI.