ICICI Securities Delisting Case May Go to High Court - ET Link

 Please click ;-

https://economictimes.indiatimes.com/industry/banking/finance/banking/icici-securities-shareholder-spat-could-land-in-bombay-hc/articleshow/111870952.cms?from=mdr

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old posts

 April 28, 2024

Class Action Suit Against ICICI Securities Delisting - Shareholders Activism Zindabad

 Please click ;-

https://www.moneycontrol.com/news/business/markets/minority-shareholders-file-class-action-suit-against-icici-securities-on-delisting-concerns-12709708.html

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 As per section 245 of the Company Act 2013 such a suit  may be filed (where one or several persons join together and sue on behalf of a larger group of person) if they are of the opinion that the management or conduct of the affairs of the company are being conducted in a manner prejudicial to the interests of the company or its members or depositors.

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Please also click ;-

http://www.rareindianshares.info/2024/04/icici-securities-shareholders-challenge.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 .

4 . Get shares listed in a Non -Operational  Stock Exchange like Metropolitan Stock Exchange

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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April 24, 2024

ICICI Securities Shareholders Challenge Delisting , Form Action Committee - ET Link

 Please click ;-

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.

 please click


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:

http://economictimes.indiatimes.com/articleshow/60370946.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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

Disclosure : The Blog writer in his / family names has  holdings in this Company So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this Blog or Blog Writer