April 17, 2011

Morality / Corruption - Blog Writer's Viewpoint



Blog Writer 's Message

The question of morality we leave to the conscience of our valued Readers.

Regards 

Ashwani Kumar Aggarwal

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Regarding morality / corruption , valued readers please consider this personal experience of the Blog Writer 


We  opposed , right from the passing of the Resolution , the move by Binani Metals Limited to Consolidate ( Reverse Split ) the face value of their Share from Rs. 100 to  Rs. 1000 as anti small share holders and with ulterior motives  .


But the Resolution / Process was bull dozed through .( No Listed Company in India has a Face Value of Rs. 1000 )


 With great hope for JUSTICE , we took up the matter with Calcutta Stock Exchange ( the only Exchange where Binani Metals Limited is listed ) and after more than 2 years of our pleadings Calcutta Stock Exchange refused to initiate any action . So much so . even a Judgment Copy ( of our official complaint ) was not provided by the Calcutta Stock Exchange.Calcutta Stock Exchange behaved as if my Complaint simply did not ever exist .


The Company Secretary of Calcutta Stock Exchange told us the RTI (Right to Information Act ) does not apply to them .


The Company Secretary of Binani Metals Limited Mr.Rakesh Darji told me that I was " a very small share holder "
 


Regards , 


Ashwani Kumar Aggarwal

http://www.rareindianshares.info/2012/09/rate-89-paise-per-share-transfer-of-48.html 

http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/small-equity-investor-how-to-safeguard-your-interests/articleshow/21742266.cms?curpg=3

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