September 10, 2024

Auckland Jute Co, Kolkata-2023-2024- Annual Report

Please click ;-

http://ajcl.in/AUCKLAND%20JUTE_2024.pdf 

Official site 

http://ajcl.in/

 Blog Comments

 Some shares of Auckland Jute Co, are available for Sale / Purchase with Dealers of Rare Indian Shares

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Calcutta Stock Exchange-2023-2024-Annual Report

 Please click ;-

https://www.cse-india.com/upload/upload/CSE_Balance_Sheet_23-24.pdf

 Face value of 1 share of Calcutta Stock Exchange is Re 1. PLEASE RECHECK THIS

Blog Comments

 Some shares of Calcutta Stock Exchange are available for Sale / Purchase with Dealers of Rare Indian Shares

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SEBI launches chatbot “SEVA” for investors

 
In line with its mandate of investor protection, SEBI has launched SEBI’s Virtual
Assistant (SEVA) – an Artificial Intelligence (AI) based conversation platform for
investors. The Beta version of the chatbot includes features like citations for
generated response, speech-to-text and text-to-speech functionality for accessibility,
follow-up questions, etc.
The chatbot is presently enabled to answer questions relating to general information
on securities market, latest master circulars, grievance redressal process, etc. Based
on the feedback received from the users, additional areas will be added to the chatbot.


The beta version of the chatbot is available on SEBI’s investor website
(https://investor.sebi.gov.in/) and SAARTHI mobile app (both Android and iOS).
Investors can download the app using the below links:
Android – https://play.google.com/store/apps/details?id=com.sebi.invapp
iOS – https://apps.apple.com/in/app/saa%E2%82%B9thi/id1589426387


Mumbai
July 29/007/2024

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September 08, 2024

Kurlon India- Shareholders to Oppose Consolidation of share to Rs, 200000 from Rs 10

 Now renamed  Kanara Consumer Products

 Please read Special Resolution -5 of the Notice

https://drive.google.com/file/d/1EUn2rREnnpxqUYJDYa-VA1ZmXtq26WJp/view 

A clever trick by the Promoters to compulsorily buy out  the remaining shares at the throw away rate of Rs 1300 /  share

Shareholders intend to oppose this Resolution , also , in NCLT

SEBI must intervene. Laws must be changed to protect the small share holders of Unlisted Companies.

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Blog Comments

 

September 01, 2019

Regional Director , MCA , Mumbai Opposes HSBC InvestDirect 's Compulsory Buy Back of Non Promoter Shares

God Bless the Regional Director , Western Region , Ministry of Corporate Affairs , Mumbai , for safeguarding the interests of Non Promoter / Loyal Remaining shareholders of HSBC InvestDirect ( India ) Limited

 http://www.mca.gov.in/MinistryV2/regionaldirectors.html.

 In a landmark move the Hon'ble Regional Director opposed in NCLT for the Selective Reduction of Capital.

 Last hearing of HSBC InvestDitect in NCLT was on 01/07/2019.

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If the Company feels that the rate it is offering is " FAIR " then it should , also , be willing to offer to sell its entire majority  holding at that rate . The minority share holders ( and other Indian share holders ) should have a Right of Pre emption at that " FAIR " rate. For example if Fomento Resorts  Limited feels that Rs166 is a " fair rate " then Indian shareholders in general should be given an opportunity to form a SPV ( Special Purpose Vehicle ) Company which ( with suitable debt equity Leveraged Buy out ) and buy  at the same rate  the majority shares from the Promoters. A period of 6 months should be kept for giving this opportunity to Non Promoter Indian shareholders


.
===================================

The Valuers etc are all engaged by the Managements and cannot be considered as Unbiased or totally Fair. Affected shareholders should be allowed to have their own valuers / Valuation Reports. 

=====================

Games Promoters Play ( on Minority Public Shareholders ).

Promoters use clever moves to forcibly eject Public shareholders when ever they feel like i.e. when the Company has excellent future prospects or when it suits the Promoters. 


1 ) Selective cancellation of Non Promoters shares.
2 ) Conversion of Equity shares in to Redeemable Preference Shares.
3 ) Consolidation of face value of one share to a Higher Denomination .

In all cases , valuers are appointed and Paid by the Company. Thus they are Promoters' Agents.
-------------------------- 

If the Company feels that the rate it is offering is " FAIR " then it should , also , be willing to offer to sell its entire majority  holding at that rate .

 The minority share holders ( and other Indian share holders ) should have a Right of Pre emption at that " FAIR " rate. 

For example if FCI OEN Connectors Limited feels that Rs.767 is a " fair rate " then Indian shareholders in general should be given an opportunity to form a SPV ( Special Purpose Vehicle ) Company which ( with suitable debt equity Leveraged Buy out ) and buy  at the same rate  the majority shares from the Promoters. 

A period of 6 months should be kept for giving this opportunity to Non Promoter Indian shareholders


OLD POSTS
Jolly Board , which holds very valuable real estate assets in Kanjur Marg , Mumabi , is also following similar cheap tactic to oust loyal remainder small shareholders.

http://www.rareindianshares.info/2015/11/jolly-board-consolidates-face-value-to.html

========

Suashish Diamonds does the same anti shareholders move :-

http://www.rareindianshares.info/2015/12/suashish-diamonds-to-kick-out-loyal.html

================

Blog Disclaimer : Please Recheck  All Information . All information given in Good Faith. No Responsibility . 

=========

For further case studies  vis - a - vis small shareholders , please consider the following links :-



LINK


General Warning : Investment in Shares Can be Injurious to Your WEALTH

Disclosure : The Blog writer in his / family names used to have holdings in Kanara Consumer Products . So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer

 

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India Exposition Mart - India Expo Centre, Noida 2023-2024-Annual Report

Please click ;-

https://indiaexpomart.com/wp-content/uploads/2024/09/IML-AR-2023-24-web.pdf

Blog Comments  Shares of India Exposition Mart are Rs. 5 / - paid. Please Recheck This.

 Official site 

https://indiaexpomart.com/index.php/about/

Some shares of India Exposition Mart  are available for Sale / Purchase with Dealers of Rare Indian Shares.

 

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MKCL-Maharahtra Knowledge Corp-2023-2024 Annual Report

 Please copy paste this link;-

file:///C:/Users/OM/Downloads/23rd-Annual-Report-FY-2023-24.pdf 


Official site

https://main.mkcl.org/ 

 Blog Comments

 Some shares of MKCLare available for Sale / Purchase with Dealers of Rare Indian Shares.


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River Front Hotels , Surat -2023-2024- Annual Report

 Please click ;-

https://www.msei.in/SX-Content/Listing/Annual-Reports/2024/RFHL-2024.pdf

 Blog Comments

 Some shares of River Front Hotels are available for Sale / Purchase with Dealers of Rare Indian Shares.

 

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Ranjan Polysters- 2023-2024- Annual Report

 Please click ;-

https://www.msei.in/SX-Content/Listing/Annual-Reports/2024/RANJANPOLY-2024.pdf 

 Blog Comments

 Some shares of Ranjan Polysters are available for Sale / Purchase with Dealers of Rare Indian Shares.

 

 


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September 07, 2024

Micro Cap Multibagger shares Popular With Mutual Funds - Moneycontrol Link

 Please click ;-

https://www.moneycontrol.com/news/photos/business/personal-finance/12-micro-cap-multibaggers-that-retirement-oriented-mfs-love-to-hold-do-you-own-any-12813814-1.html

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Chennai Super Kings-2023-2024- Annual Report

 Please click ;-

https://www.chennaisuperkings.com/assets/images/investor/CHENNAI_SUPER_KINGS_CRICKET_LIMITED_ANNUAL_REPORT_2024.pdf

 Share is   10 paise paid up

 Blog Comments

 Some shares of Chennai Super Kings are available for Sale / Purchase with Dealers of Rare Indian Shares.

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Cochin International Airport- 2023-2024-Annual Report

 Please click ;-

https://www.cial.aero/UserFiles/CIAL/file/CIAL-Annual-Report-2023-24.pdf

   Blog Comments 

 Some shares of Cochin International Airport are available , for sale / purchase , with Dealers of Rare Indian Shares

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September 06, 2024

Join Sucheta Dalal's Fight to Free Rs2 Lakh Crore in Unclaimed Assets

Our study, 'Challenges in Transmission of Assets to Nominees & Legal Heirs' had revealed that a Rs2 lakh crore in unclaimed assets, or money belonging to us is lying with the government. The question is, what can each of us do to pressure or persuade the government to reunite these funds with their true owners or claimants? That was the crux of the discussion. After all, we cannot have their money continuing to grow at 15-20% per annum.

 Mr. K V Kamath, a renowned banker and chairman of Jio Financial Services, who released our report and wrote the foreword has generously offered his help in convincing the banking sector. We need to reach out to pension and insurance regulators, as well as the Ministry of Social Welfare.

 

I urge you to read about the report and our proposed solutions here. Additionally, you can view the recording of the enriching discussion that took place during the launch here. We plan to host a series of discussions to figure out the way forward. I urge you to write to us with any thoughts or ideas you may have to make the claims process easier. Do share the report in your groups and networks. After all, it is our money.
 
Together, we can make a significant impact and ensure that no rightful heir has to face undue challenges in claiming their assets. Let's continue to spread the word and support systemic reforms to make a tangible difference.    

 
 
Legal Intervention in Sahara: Disappointing News
 
You may recall that Moneylife Foundation had filed an intervention in the Supreme Court (SC) on behalf of members of Sahara credit cooperative society. This followed a huge effort to collate information on depositors who have collectively lost gigantic sums of money by trusting the Sahara group. Our effort had the pro bono support of a very eminent team of lawyers, but sadly it has come to an end last week and we withdrew the petition. Lakhs of Sahara depositors are still out there fighting for their deposits and we need to take a call on whether we are in a position to file another intervention before the appropriate bench of the SC that is hearing the matter. Unfortunately, we are Mumbai based and very few investors are from this city. We continue to have a Telegram group, where we are able to offer guidance to depositors in dealing with the Central Registrar of Cooperative Societies (CRCS) Refund Portal that was announced with much fanfare but is practically non-functional. In this, we are grateful for the support of Mr Aakash Goel a chartered accountant and concerned citizen.
 
 
Counselling and Helplines
 
Our counselling is back in full force. We are happy to say that Mr Shirish Shanbagh has recovered, Mr Abhay Datar's sessions are now regular and there is a terrific response to Advocate Avinash Pathak's fortnightly sessions as well. I would like to mention that Mr Pathak's long experience is available to small entrepreneurs who are being harassed by dubious actions of government agencies and lenders too. This is first at Moneylife Foundation and you may like to spread the word.
 
Counselling is in person and via video conferencing through Zoom by prior appointment (Call 022- 35131664 or 35036925), or write to our legal helpline. Please also make an effort to visit and share the links to our website, where you can read more about cases of mis-selling, fraud alerts, consumer cases and also solutions to housing society problems.
 
 
Join us on WhatsApp and Telegram
 
We realise that most members find it easier to access information on WhatsApp /Telegram etc. If you are not already on our lists, please click on this link to join – https://api.whatsapp.com/send/?phone= 917045156415&text= Hi%21+Please+add+me+to+your+broadcast+ lists+and+make+me+a+member.&app_absent=0 and follow our Telegram channel here – https://telegram.me/moneylife_foundation.
 
Check our Free Helplines and Guides or Templates as well as our YouTube Channel, where you will find a wide repository of videos on various topics.
 
Video recordings of all our webinars are available on our YouTube channel and will come to your inbox regularly if you hit the subscribe button. But if you want to be notified about future events through our mailing list, you do need to be a member.
 
 
Moneylife TV & Helplines
 
Financial Literacy Videos in Indian Languages:
  1. Credit cards
  2. Online frauds
  3. Fallacy of gold loans and more in Marathi, Gujarati, Punjabi and Tamil, all on our YouTube channel (https://www.youtube.com/moneylifetv).
 
Get guidance and counselling through our Legal Helpline or Credit Helpline.
 
Sucheta Dalal
Founder-Trustee, Moneylife Foundation
 
 
Trustees: TS Krishnamurthy, Walter Vieira, Sucheta Dalal, Debashis Basu.
 
Moneylife Foundation is registered with the Charity Commissioner of Mumbai, is an Affiliate member of OECD's International Network on Donations are eligible for tax benefits under Sec 80G of the Income Tax 1961 (50% tax exemption) and MLF is registered under the Foreign Contribution (Regulation) Act, 2010.

80(G) Reg No: DIT(E)/MC/80G/685/2010-11 dated 7.2.11 effective 8.+9.2010 | FCRA Registration No: 08378138

Financial Education, is a Supporter Member of Consumers International, Development Partner of Advocates for International Development (A4ID), and is a winner of the 10th MR Pai Memorial Award.
 
      
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Update from Altius Investech | Upcoming IPOs and CSK's stellar FY24 Performance - Message Received

 

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