Blog's old posts
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 )
October 09, 2017
Reed Relays-Aggrieved Shareholders Mounting Counter Offer For Promoters' Shares
They are mounting a Counter Offer to acquire Reed Relays Promoters' shares at a premium to the price offered by the Promoters.
It appears that there would soon be a new Management Team.
M/s Reed Relays Victims Committee (an Association of Persons i.e. AOP )may come into being which would initiate legal steps
A Co-ordinator is to be appointed.
Volunteers are most welcome .
Please come forward.
ctober 07, 2017
Reed Relays Cancels Public Shares @ Rs.107- Shareholders Aggreived
for mailing a copy of Hon'ble NCLT Chennai Order dt. 04/10/2017, Order No.CP 21 / 66 ( 1 ) / CB / 2017 , under Section 66 ( 1 ) of The Companies Act 2013.
The operative part of the Judgement is that Hon'ble NCLT has accepted Reed Relays ' case in totality . Shares of Non Promoters would be compulsorily cancelled @ Rs. 107 ( as determined by valuers appointed by Reed Relays.
The Blog wishes to place on record the spirited objection put up by the leading Share Dealer of Chennai , Dilip Surana .
We wish more such Pro Public, Pro Active Shareholders Guides come forward,
Great Work : Mr. Dilip Surana
September 19, 2017
Shareholders should not give up . Resources should be contributed ( Contri ). An Appeal should be filed
with and an Interim Stay applied for
National Company Law Appellate Tribunal
Grounds of Appeal
Hon'ble NCLT has erred in observing that NCLT cannot increase the price of compulsory acquisition . It can as was done by the Hon'ble Hiigh Court of Bombay in the case of Cadbury.
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