As already mentioned, Lots
of people from Nepal, Burma, Africa, England, Europe, USA,
Canada etc., are holding equity shares in
Indian companies. These were acquired during the initial years
of the 20th century till probably the mid sixties. British
people invested in the shares of Indian companies as well
as property during the period of the British Raj – when
the British were running the government, Armed forces, business
houses and companies in India. Likewise, people from Nepal,
Burma, Sri Lanka. Mainland Europe and Africa who had business
interests in India also invested in shares, lands and buildings.
Most of them may be deceased or they may have changed address
and lost contact with the company but the
shares still exist in their names. |