In our country, some promoters have no respect for corporate laws. They wake up from slumber, or rush to comply only when they think of tapping public money. A classic example is the Delhi-based Yatharth Hospital & Trauma Care Services Ltd (YHTCSL)

In July 2018, when Sensex was hovering around 36200, Surat-based Ami Organics filed the draft red herring prospectus for its IPO. That time, it intended to raise about Rs 100 cr by offering 35 lakh shares.

Not long ago, after creating the Vedanta umbrellain the UK, Anil Agarwalof Sterlite-fame tried to emit the Indian investing public from his domestic companies by uncommon and questionable means