Restrict promoters power to invest company’s money

In my earlier post, I had given some suggestions with respect to pledging of shares by promoters. Some other related issues have also to be taken care of.

SEBI asks promoters to reveal pledged shares information

It seems that after the Satyam fiasco, SEBI is asking promoters to reveal information about pledged shares. I do not think that this step will do any good. Promoters will reveal the information and after some time people will forget about it.