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OLD POST
April 24, 2024
ICICI Securities Shareholders Challenge Delisting , Form Action Committee - ET Link
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https://economictimes.indiatimes.com/markets/stocks/news/icici-securities-minority-investors-to-challenge-delisting/articleshow/109546297.cms?from=mdr
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Blog Comments
Shareholders' Activism Zindabad
Share Activism is a step in the Right Direction. There is , always , a threat of oppression by the Majority shareholders ( Promoters )on Minority ( Public ) shareholders.
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https://www.bloombergquint.com/business/2017/10/12/billionaires-taken-to-task-by-rise-of-india-s-minority-investors
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,"
he said.
Read more at:
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Blog
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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HUM MEHNAT KASH ISS DUNIYA SE
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY
( Josh Malihabadi )
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Saada Haq - Ethey Rakh
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