Investment in Unlisted Shares and AIF Funds - Pros and Cons

Please click :-

https://www.moneycontrol.com/news/business/personal-finance/buying-unlisted-shares-and-aif-units-a-tightrope-walk-retail-investors-should-stay-away-3740641.html 

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Blog Comments

Many of the so called "Unlisted Shares " like Mohan Meakin , Bharat Nidhi , Dalmia Refractories etc are actually Listed in Calcutta Stock Exchange or in Metropolitan Stock Exchange  .

There is , at present , no Equity trading in these Exchanges.

SEBI must ensure that either there is Equity trading in these Exchanges or they are wound up as happened in the case of numerous Regional Stock Exchanges ( like DSE , ASE , LSE etc.)

Investors of shares exclusively listed in  Calcutta Stock Exchange or in Metropolitan Stock Exchange suffer because they get around one third rate ( than had these been listed in BSE / NSE ) in the Unlisted Market. 

If  Calcutta Stock Exchange and Metropolitan Stock Exchange  shares get Relisted in BSE / NSE or Calcutta Stock Exchange and Metropolitan Stock Exchange  start equity trading then existing such  investors would earn a big appreciation in these share values.

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OLD POSTS


  

OLD POSTS

SEBI Should Take Action on Metropolitan Non Trading in Equities

SEBI should either make equity trading work at Metropolitan Stock Exchange work or else SEBI should automatically shift to NSE / BSE the 200 Exclusively Listed shares in Metropolitan Stock Exchange .

 At present , investors of such shares are suffering for no fault of theirs.

Firstly ,Dealers of Unlisted shares are giving them 1 / 3 rd of the rates had these shares been listed .

 Secondly , such Investors cannot claim Long Term Capital gains Exemption in the absence of  proper Contract Notes ( showing that STT has been paid ) .

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Blog Caution : Please Recheck All Information

Please do a further Self Study .


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June 22, 2018

Metropolitan Claims Equity Trading Takes Place

Investors please send us your Feed Back regarding the status of Equity Trading in Metropolitan Stock Exchange

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Metropolitan ' Claim :-

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 Sir,

This is with reference to your complaint registered on SCORES Ref No: SEBIP/MH18/0002938/1 dated June 08, 2018, received by the Exchange on June 21, 2018 we state as below:

This is with reference to the your complaint letter dated June 08, 2018 falsely alleging that Metropolitan Stock Exchange of India (hereinafter to be referred as MSE) does not allow trading in equities at its platform.

We state that the exchange has facilitated trading in the scrips mentioned in your complaint. The absence / quantum of  trading in a scrip is dependent on demand and supply in the market for the particular scrip.

Further, we state that the Exchange provides for listing of scrips of corporates on satisfying certain criteria and facilitates a trading platform on which such scrips may be traded.  Investors and traders buy / sell such scrips through their brokers who are trading members of the exchange. On any day, some scrips are traded and others are not. The exchange ensures that such trading is conducted in an orderly manner and in accordance with SEBI regulations / guidelines.

Also, to note that investor grievance department can handle complaints as per guidelines specified by SEBI. As per the FAQ updated by SEBI Section I question 2: your query cannot be considered as complaint in SCORES. The link is mentioned for your ready reference. https://scores.gov.in/scores/Docs/FAQ-SCORES.pdf

Therefore, after verification of the grievances raised we state that since the query, is outside the jurisdiction of nature of complaints to be handled by the Exchange. 

Hence, the complaint/ query is considered as addressed and the complaint is closed in our records.

MSE

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Our Reply

Please do not close our Complaint.

We maintain that there is no Equity trading in MSE and , hence , in the interests of Public and Investors SEBI should not renew MSE 's licence wef 1509/2018.

We would be taking up the matter with the Ministry of Finance , North Block , New Delhi.

Regards ,

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Blog Comments 

Please , also , read :-

http://www.rareindianshares.info/2017/07/metropolitan-stock-exchange-share-price.html

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Calcutta Stock Exchange List of Companies

http://www.cse-india.com/tv/scripsearch.php

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Is Calcutta Stock Exchange officially closed or not ?

http://www.business-standard.com/article/markets/hc-backs-forced-exit-of-calcutta-stock-exchange-116041300870_1.html

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SEBI Should Declare Calcutta Stock Exchange as CLOSED , to help Investors.

.Shares which are Exclusively Listed Companies ( ELC s ) in Closed Regional Stock Exchanges have to either Relist ( in BSE/NSE ) or Delist ( by making an Buy Back Offer to Non Public Shareholders ).

Important companies like Bharat Nidhi, PNB Finance are avoiding SEBI directive for Relisting / Exit option by taking a frivolous plea that their shares are listed at Calcutta Stock Exchange.

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It appears ( Please Recheck ) that some shares of Calcutta Stock Exchange are available for Sale / Purchase with Share Dealers of Unlisted shares.

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.Hon'ble Delhi High Court has granted relief to the Investors of Companies Exclusively Listed in Calcutta Stock Exchange , by ordering that such companies , are covered by SEBI 's Directions of 2016 . Investors deserve an Exit route as available to Investors of Defunct Regional Stock Exchanges.

Similar to Calcutta Stock Exchange , Metropolitan Stock seems to be ( please Recheck this ) Non Operational in Equity Trading. 

Metropolitan Stock Exchange has more 200 Exclusively Listed Companies ( including small cap gems like Frick India, Dalmia Refractories ( of Dalmia Bharat group. )

Investors of Companies Exclusively listed in Metropolitan Stock Exchange as suffering just like investors of Companies exclusively listed in Non Operational Calcutta Stock Exchange

Should Metropolitan Stock Exchange be, legally , got  declared a Defunct Stock Exchange and Petition be made to the Hon'ble Delhi High Court to include around  200 Exclusively Listed Companies in Non Operational Metropolitan Stock Exchange  along with around 63 exclusively Listed Companies of Non Operational Calcutta Stock Exchange, in the interests of Non Promoter / Public shareholders of these companies ?

For more on Metropolitan Stock Exchange , please click :-

http://www.rareindianshares.info/2017/07/metropolitan-stock-exchange-share-price.html

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Copy of Hon'ble Delhi High Court Order.

Please copy paste the following link :-

http://www.rareindianshares.info/search?q=calcutta+stock

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.January 25, 2018

Mohan Meakin Shareholders Demand BSE / NSE Listing

Presently , Mohan Meakin share is Exclusively Listed in Calcutta Stock Exchange. Share is Rs 5 paid .

There is no share trading taking place in Calcutta Stock Exchange for the last many years . This is causing great difficulty to share holders of Exclusively  Listed Companies like Mohan Meakin. 

Further , Central Govt. is losing Revenue by way of lost GST and STT.

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Please , also , read

Digvijay Finlease Shareholders Demand Listing in BSE / NSE

Shareholders of Digvijay Finlease are demanding Listing in NSE / BSE and are taking up the issue with the Management and SEBI or payment of a fair price for their shares.

It appears shares of Digvijay Finlease were never Listed

http://www.rareindianshares.info/2016/09/digvijay-finlease-shareholders-demand.html

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