Tax law that hurts only small investors: Delisting of companies puts retail investors most at risk

In the market today, companies are not being able to fulfil their listing obligations and are being delisted from exchanges. When this happens, large investors and institutions avoid huge losses by taking recourse to tax write-offs. But small investors —holding shares aggregating up to Rs 2 lakh of share capital of a company—are left high and dry. On 11 June, shares of Dewan Housing Finance (DHFL) were traded on the BSE and NSE for the last