Saturday, July 4, 2020

Frequently Asked Questions to claim the shares from IEPF ( Investor Education and Protection Fund)

We at Supergrowth gets contacted by lots of people every day to claim their shares from IEPF ( Investor Education and Protection Fund). Let's make one thing clear from the beginning that Supergrowth is a service provider. We provide our time and expertise in claiming shares. We not only save your feet from wear and tear and suck all your wealth for you that stuck in this tringle of Company, Registrar and Transfer Agent and most difficult identity IEPF ( Investor Education and Protection Fund). Please write your queries here and we will reply as soon as possible. By the way, We can handle all types of legally right claims so don't worry at all. If there is something that is not possible legally then we are very upfront to say that. You can contact us through the ways mentioned below too. 

WhatsApp.-Twitter - Facebook - LinkedInGoogle Business 

Saturday, June 6, 2020

Right Issue of Reliance Ind and Issues faced by Small Share Holders

Reliance Industries was incorporated as public limited company under the name Mynylon Ltd. in 1973 and 1975 on 28th June this company was converted into a public limited company. On 11th February 1966, a company by name of Reliance Textiles Industries Pvt Ltd was incorporated in Maharashtra. It established a synthetic fabrics mill in the same year at Naroda in Gujarat. On 1st July, Reliance Textile Industries Ltd was amalgamated with Mynylon Ltd. In 1977 with effect from 11th March 1st, the name of Mynylon Ltd was changed to Reliance Textiles Industries Ltd. On November Dhirajlal H Ambani and Natvarlal H Ambani along with some other existing shareholders offered for sale at par to the public. 28,20,000 equity shares of the Company in order to get the shares of the company listed on the Stock Exchange at Mumbai.
From then Reliance merged lots of companies either by takeover or merger of its own subsidiaries. We take you that journey of mergers and share swap ratios. 

In 1979 Sidhpur Mills Co. Ltd which has an installed capacity of 38,368 spindles and 490 looms was amalgamated with the company.  In terms of the scheme of amalgamation, the company was to issue and allot for every one equity share of Rs. 100 each of Sidhpur, 2 equity shares of Rs.10 each, and one bond of Rs.80 of the company. The Company allotted a total of 1,12,000 No. of equity shares of Rs
 10 each and 35,000 - 11% bonds of Rs 80 each to the shareholders of Sidhpur Mills.
 
In 1992 with effect from 1st March, Reliance Petrochemicals Ltd. was merged with the Co. As per the scheme of amalgamation, 1 equity shares of RIL was issued against 10 equity shares held in Reliance Petro Chemicals Ltd.
In 1995  Reliance Polypropylene Ltd. (RPPL) and Reliance Polyethylene Ltd. (RPEL) were merged in the ratio of 30 equity shares of Rs 10 each for every 100 equity shares of Rs 10 each
 held in RPPL and 25 equity shares of Rs. 10 each of the Company for every 100 equity shares of Rs 10 each held in RPPL.
In March 2002, the Board approved the proposal for amalgamation of Reliance Petroleum Limited (RPL) with the Company. The proposed Scheme of Amalgamation provides that the amalgamation will take effect from the Appointed Date i.e. April 1, 2001. One equity share of the company will be allotted for every eleven equity shares of RPL held.
In April 2007, Indian Petrochemicals Ltd. (IPCL) was merged in the ratio of 1 equity shares of Rs 10 each for every 5 equity shares of Rs 10 each held in IPCL.
 This is how companies got merged with Reliance and due to that lots of shareholders are in the confusion they were shareholders of these companies and by virtue of that shareholding they became shareholders of Reliance. It didn't happen only in case of Reliance there are lots of companies like Vedanta which merged the identity of lots of companies like Sesa Goa, Sesa Sterlite, Madras Aluminium Limited( MALCO), Sterlite Limited etc., Bharat Aluminium Ltd (BALCO) and Crain India Ltd. There are a lot of companies that change there name or demerged and that created lot of lost wealth for the investors.
In this current right issue of Reliance, a lot of people couldn't apply the right issue because of a few issues. The first timing was not right in this epidemic of Carona people were not informed or couldn't informed by physical communication, payment procedures were very difficult for old and not very tech-savvy investors. The company officials and registrar and transfer agents (RTA's) were not available to assist them. As per our estimate lay investors lost around 500 crores.  There are lots of investors didn't get the right forms because they have not aware that they are shareholders of Reliance because of these mergers and company has their old address in its records. We at Supergrowth track that and not only find your lost wealth but handles the entire lengthy process of getting back too, so you not only get your money in the bank and save your feet from wear & tear and most important time. If you think that you are a victim of this issue then fill this form or contact us any modes of communication given below. 

Supergrowth, 
Wealth Discovery & Reclaiming Services Firm 

133 'A' Mittal Court, 
Nariman Point, 
Mumbai 400021
Tel. +91 22 3594 2808
Cell No. +91 98211 59921


Tuesday, June 2, 2020

The Tracing of the Investments

It is very difficult to search your lost share certificates especially when your address is changed also because whatever communication company is sending you is at your old address and you are not there and know days no one bothers to inform you about your posts. Your dividends cheques and bonus shares just to the dustbin or to scrape dealer.
We at Supergrowth not only help you tracing of that abandoned and abundance wealth but in getting that from the not only company but from the government because if you don't cash dividend of any company for seven-year consecutively the companies are bound by the law to delete your name from their shareholder list and transfer those shares and dividend to a fund called Investor Education and Protection Fund (#IEPF) created by the government. The whole process is very cumbersome and time-consuming. It not only requires the expertise of the stock market but the legal too. The procedure to get duplicate certificates because you lost the certificates too needs good networking, and relationships with various intermediaries like Registrar and Transfer Agents (RTA's), Companies, and with Investor Education and Protection Fund (IEPF) too. 
We at Supergrowth do all the spadework and you get all your wealth while you are sitting at your office or home. We do everything from writing the letters to the companies and registrars. The buying of stamp papers and printing of drafted affidavits, indemnities by our legal experts, and then notarized them. We submitted all the documents to the companies or RTA's in-person in most of the cases or by very reliable courier service. The publishing of mandatory advertisements in the newspapers as per formate required by the companies. The visiting and following up with companies and their registrars and transfer agents ( RTA's). By the way, this whole procedure varies from company to company but because we deal with all the companies we know the peculiar process and requirements of each company. 
We request you to fill this form by submitting whatever details you have and leave the rest blank. We will trace your lost wealth and get it for you once you give us the mandate and comment below if you have any questions we will respond as soon as possible. 
We can be contacted by any of these channels 

Supergrowth, 
Wealth Discovery & Reclaiming Services Firm 

133 'A' Mittal Court, 
Nariman Point, 
Mumbai 400021
Tel. +91 22 3594 2808
Cell No. +91 98211 59921


Sunday, May 5, 2019

How you can search someone?

How you can search for someone? about whom you have these details for sure that is
Complete Name (might be father's too) and Last known address from that person left at least around 10 years ago if not more and the new occupant of that address and neighbors don't know about his or her whereabouts too.
Person's Age Group is around 45 to 65, so there is a good possibility that he might or might not on social media like FaceBook.com, LinkedIn.com, twitter.com, etc and even there you get lots of same name profiles so that too has its limitations. You have never ever met him or her in your life.
You don't know about his profession and even whether he or she is alive or passed away too.  

Wednesday, March 27, 2019

Dedicated Desk for Corporate & None Resident Indians (NRI's) Clients

We at Supergrowth have a dedicated desk for the Corporates and None Resident Indians ( NRI's) Clients because the requirements and procedure are different for an individual Indian compare to company or NRI's. 
In the case of corporates or NRI's, they don't have Aadhar Card which is mandatory by the law for the individual Indian. We know What procedure needs to be followed to get the duplicate share certificates. What and When the use of Article of Association or Memorandum of Understanding in case of corporates and how to avoid difficult and expensive apostille in the case of NRI's. For further details comment below or contact us through modes of contacts given below. 

Other Share Certificate Related Issues

It happens lots of times that your family members and you were living at a different place and that family member passed away without giving you full details of his or her investments in shares. At the time of death, your mind was not finding his investment but it was shocked and priorities were different and after some time you get to this lots of time has passed. Lots of relatives and unwanted guests and visitors take not only your time but his shares file. Now you are back to your city and companies sent all the correspondences to his old address. There is no one to receive them and those go returned undelivered and after some time companies stop sending too. You don't have any details of shares so totally clueless about whom should you approach, that is where Supergrowth fits the bill. 
Once you give a mandate to Supergrowth, our search team regularly visits almost all the companies for various share related matters for our other clients. There we inquire about your relative's holding in that company in this process we not only get the holding but other details like Folio Nos., Distinctive Nos, Share Certificate Nos., Dividend warrants and Bonus Shares returned undelivered. We not only get the details of how much total dividend is not cashed by your relative but minute but very important information like shares from the merger or demerger, new shares after split-up of shares and bonus fractional entitlement. 
Once we get all the details then we go all out to get those shares transferred in favor of legal heirs or beneficiary. For further details and clarification feel free to comment here or you may contact us by any of these modes of communication. 

Transfer of Physical Shares

Transfer of shares