credit for sharing
Consolidation of Face Value to a Higher Denomination SHOULD NOT BE ALLOWED UNDER ANY CIRCUMSTANCE.
September 06, 2017
Investors Use Section 245 Against Digvijay Finlease Share Consolidation
September 06, 2017
Digvijay Finlease Withdraws Share Consolidation -PLEASE RECHECK
We received information from investors of Digvijay Finlease that they phoned the Regd. office at Kolkata and were informed that the Company has dropped its proposal for consolidation of Rs. 10 paid up share to Rs.1000.
We phoned at the Tel No 033-22130957 and talked to KK Thakur.
He confirmed that the Company has applied to NCLT withdrawing its petition .
Important Blog Disclaimers
1 ) Please RECHECK THIS independently.
2 ) Please do NOT take any Investment Decision based this information.
3 ) No Responsibility with this Blog / Blog Writer----------------------
If the news is really correct , we congratulate share Investors for their activism.
Till date, the most powerful tool in the hands of minority shareholders has been bringing a suit for oppression and
mismanagement, said Suhail Nathani, managing partner, Economic Law Practice. "Under the 2013 Companies Act,
Section 245, over 100 shareholders can also file a class action suit but its application and enforcement is still nascent,"
September 05, 2017
Justice Demanded by Small Investors From Asset Laden Investment Holding Companies - ET Link
please click the link
Unifi Capital - official site
December 08, 2010
Asset Laden Holding / Investment Companies- Promoters Uninterested in True Value Unlocking
Now , instead of genuinely sharing the wealth with all the stakeholders , non promoter minority share holders of original holding companies are treated by Promoters as UNWANTED , like poor relatives at a rich cousin's marriage party.
We sincerely hope that some one takes up the case of Digvijay Finlease compulsory consolidation @ Rs.200 for a Rs.10 paid up share , which some calculate ( Please Recheck this ) to have an intrinsic worth of around Rs. 40,000 per Rs. 10 share ( Please Recheck this )
July 30, 2017
Support Shareholders Activism in Alembic Ltd
Public Shareholders should put up their Directors of Publicly Held Companies
Alembic Ltd. Case as reported in Business Standard
The law provides for 1,000 small shareholders to come together and agree on one individual to represent their concerns on a company’s board.
"The fact that this provision has never been tested shows how daunting it is for 1,000 people to agree on something," Reddy added.
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY
( Josh Malihabadi )