Corporate
Relevant liberalisation
The recent regulation that prevents companies with less than Rs 1 crore of net-owned funds from inviting public deposits is welcome, and will help small depositors. Several are the companies that accepted deposits from the public and vanished soon after.

Economy
Scrapping investor sops
Your editorial, `Soppy move' (Business Line, December 15) rightly pointed out that it would be a travesty of justice and fairplay if concessions available to small investors are done away with. In fact, the Government is not able to attract foreign inves tment as desired. And it appears that even some of those who had come forward for investment in infrastructure sector such as power are quitting. Under the circumstances, is it not advisable to garner more domestic savings for investment? Withdrawing con cessions to the small investors at this stage is like `killing the goose that lays the golden eggs'.

Stocks
Regulator's role
Be it framing rules to curb badla trading, checking a bull run to avoid a stock market crash, or bringing wrongdoers to book, the SEBI is yet to prove itself a praiseworthy regulator.

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