April 04, 2018

SEBI Control Over CA , Valuers -Welcome Move

please click

 https://economictimes.indiatimes.com/markets/stocks/news/securities-scanner-cas-valuers-and-css-could-come-under-sebi-ambit/articleshow/63605003.cms

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Blog Old Posts

March 21, 2018


CA s, Valuers , NCLT Professionals Should be Fair / Honest


https://www.bloombergquint.com/business/2018/03/20/ultratech-will-fight-off-a-web-of-litigation-to-buy-binani-cement-exclusive

https://www.moneycontrol.com/news/business/binani-cement-resolution-professional-alleges-fraud-by-company-promoters-2532775.html

Any hint of dishonesty / underhand considerations hurt the Ordinary / Public shareholders who depend entirely on Audited Balance sheets and " fair " prices worked out by "Independent Valuers.

Such "Professionals ' are selected and paid only by the Promoters and can be partial.  

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other posts

March 21, 2018


BINANI CEMENT - A CASE STUDY - COMMENTS BY INSIDERS WHO KNOW HOW THESE PROFESSIONALS ACTUALLY FUNCTION

Were There Irregularities in Binani Cement ??


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February 21, 2018

Binani Cement Undervalued in NCLT Say Promoters

In a filing at the National Company Law Tribunal, Kolkata, Binani Industries has also said the resolution professional appointed for the company, Vijaykumar Iyer, and Deloitte, have vested interests in undervaluing the company so that they can give their “favourite bidder” the company.“It appears the valuation done by the resolution professional is absolutely wrong on account of valuers being misled by the RP, who has a personal interest in undervaluing the corporate debtor (Binani Cement),”

credit / for more please click

http://www.business-standard.com/article/companies/insolvency-binani-industries-questions-cement-arm-s-bidding-process-118022100002_1.html
old post

February 14, 2018


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.

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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. 

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March 24, 2018


Rs.60,550/- New Face Value of Chembra Peak Estates share !!!

Chembra Peak Estates ( listed in , now ,closed Regional Stock Exchanges )  has proposed consolidation of its share fave value from the present Rs. 10 /- to Rs. 60, 550 /- ( which face value is unprecedented in the corporate history of India.

All the Non Promoters ' holdings would be reduced to fractions who would be compulsorily paid @ Rs. 76 .

This brazen and bizarre face value figure shows the extent to which Promoters can go to compulsorily eject Loyal Non Promoter shareholders at a fraction of the true value  

The Investor community must act unitedly to oppose this anti small share holders move.

We wish to acknowledge the stellar role being played by PP Zibi Jose of



Tenrose Capital Services Ltd, Cochin
Tel - 0484- 2401685 ; 2401684 ( m ) 09388603877
    email : tenrosekochi@gmail.com
in taking up this case.


They  are doing a great job.

We wish proactive investors / experts like them are appointed as independent directors on the board of companies.

Please do go through the letter given below ( click top right / icon TO ENLARGE 

Also , please read 

February 14, 2018


Games Promoters Play ( on Minority Public Shareholders )




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PP Zibi Jose's Very Illuminating Letter

for more , please click


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FCI OEN Connectors-Compulsory Buyback at Fraction Value


FCI OEN Connectors is the latest Company ( like Cadbury India ) to compulsorily eject loyal Non Promoter shareholders @ Rs.767 /- per share. 

Real Valuation is Rs. 4000 + /- per share .

This anti Public shareholder move needs to be vigorously opposed

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We are grateful to Mr. PP Zibi Jose of 


Tenrose Capital Services Ltd, Cochin
Tel - 0484- 2401685 ; 2401684 ( m ) 09388603877    email : tenrosekochi@gmail.com

  for taking up the issue

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Please click below for the entire fact sheet letter brilliantly written by Mr. Jose.


https://drive.google.com/open?id=0BxTiSqO5KwdeLUNYeW1qRHdTNUVrdUhkRXM0YS1kUTE1T0JZ

for more , please click

.


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Ban All Face Value Consolidations to Higher Denominations

Whereas Split of the face value of one share to a Lower denomination should be allowed ,Consolidation to a Higher Denomination should be absolutely banned by SEBI.

Consolidation to a Higher Denomination was done by Binani Metals, Rasoi Limited , attempted by Digvijay Finlease ( later withdrawn under Public shareholders' pressure ) and , now, being attempted ( but opposed by shareholders ) of Macrofil Investments Ltd ( a Nusli Wadia Company ).

Macrofil Investments rareindianshares.coLimited ( Nusli Wadia Investment Company )

Macrofil Investments is an Investment Holding Company of Nusli Wadia group ( Bombay Dyeing, Britannia , Bombay Burmah , National Peroxide etc ).

Marofil Investments holds ( on a very small capital base of Rs.44 Lakh ) inter alia one third of National Peroxides' Equity.

In the last one year Market price of shares of National Peroxide has gone up from Rs. 600 to Rs.2000.

Macrofil Investments has , very cleverly , devised a plan to consolidate face value of one share from Rs. 10 to Rs. 5000.

All the Non Promoter shareholders would be evicted.

The rate set is around Rs. 3400 per share. This has been worked out by Valuers appointed and paid by Macrofil Investments.

The realistic rate should be Rs. 10,000 + ( for Rs.10 share ).

file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/EGM%20NoticeMacrofil%20(2).pdf 
 
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also , please read

http://www.rareindianshares.info/2017/10/reed-relays-copy-of-nclt-share.html

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HUM MEHNAT KASH ISS DUNIYA SE

JAB APNA HISSA MANGEY GEY

IK BAGH NAHI; IKK KHET NAHIN

HUM SAARI DUNIYA MANGEY GEY

( Josh Malihabadi )




Saadda Haq , Ethey Rakh

for more , please click

at

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