Lots of very well known companys do the same . Otherwise NIkon and Canon DSLRs would not sell without documentation/ warranty in kolkata metro gully .
. Its a case of Promoter using the company resources to run his side business off the record. Not good by any means but not uncommon either .
IT department probably is sending the communication by runners so it might take time . Jokes apart, probably they are not sure about what all they can prove . Why else would the PIB notice have no company name ? This indicates they have not finished their invetsigation yet .
Regarding the questions…
- In my useless opinion , you are right. The charges and fine should be on the promoters head and not on the company .
- Same things were alleged about Munjal of Hero Motocorp last year …it was PMLA case . He is decidedly political and his party is not in power for a while . Was he arrested ?
Disc. Still invested and confused but sold half yesterday since that ensured that I have taken out my capital and same amount of profits . I intend to let the rest alone and probably add back some more if it indeed falls below 3300.
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