New Delhi: The Corporate Affairs Ministry has made announcement that before investing funds, the capitalists must consult them to obtain information about promoters’ track record, compliance position with different regulations and many other things.

Previously, the same warning signals were issued by the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), who advised the capitalists not to take any step on the back of fake tips and stock suggestions promising high returns.

The warning came in a publicity advertisement in leading newspapers today and assumes impact following over 50 IPOs waiting for regulatory clearances.

The ministry stated that the selective information including master data of companies, details on director and documents like annual returns and balance sheets as well as a list of vanishing companies can be found on its website as well as on other investor-focused government Internet sites.

In order to make a well-versed decision, investors should compare the financial results and other performance of the company over the last 3-5 years, the ministry said.

"The decision should not be driven by sectoral boom alone," it said, adding that a company's performance does not necessarily relate to the sector or entire economy trend.