Saturday, April 10, 2021
Saturday, March 13, 2021
The Rules and Terms & Condition of IPO ( Initial Public Offers) & OFS (Offer for Sale) Prediction Contest of Supergrowth
These are basic rules of IPO and OFS contest which is running at social media platforms of those pages links are given here, 1) LinkedIn, 2) FaceBook 3) Twitter
> Supergrowth has all the rights to change any rules, cancel any particular contest or close the contest without giving any notice and reason.
> The theme of the contest is owned by Supergrowth but the platforms on which it is running is owned by their respective organizations and Supergrowth doesn't have any right on their brand and platforms.
> One can participate through all or any social media platforms and can have a different prediction on a different platform. Every platform will be considered as a different entry.
> One can change his or her prediction as many times as he or she wants to but Supergrowth will take only the last prediction into consideration while selecting the winner.
> The winner has to follow Supergrowth on the platform he or she participates in.
> If there is a situation where more than two winners then the winner will be decided by the team of expert of Supergrowth depending on his or her profile, age, from when she or he started to follow Supergrowth and that will be binding on all the participants.
> The timing of closing the contest will be decided by the stock market expert team of Supergrowth and it will be based on the scale of difficulty in the prediction.
> There will be Three winners in any contest and out of these three winners there will be one winner who predicted gets all the prediction right. The two winners who predicted only one right answer will get Supergrowth's appreciation Certificate and the contestant who predicted all the answers right will get Rs. 10,000/- as prize money.
> If there is no one able to predicts right then that contest will stand to close and prize money will not be given to any of the participants even he or she might be right in two predictions and prize money will not be carried forwarded.
> We will follow Bombay Stock Exchange as far as quotes are concerned and RTA / Company or Stock Exchanges as far as the subscription is concerned.
> No purchase or payment of any kind is necessary to enter or win.
> Supergrowth decision is final and binding on all the contestant.
> If anyone needs any clarification or have any suggestions regarding the contest he or she may write to us by email at firstname.lastname@example.org
Friday, March 12, 2021
Saturday, February 13, 2021
We at Supergrowth have click all the boxes. Supergrowth is a more than 28 years old organization (before Harshad Mehta Scam) which have the backing of prominent Lawyers, company secretaries, and ex-stockbrokers and required. We not only pinpoints all the problems but bring a one-shot solution for all of them. It not only save your feet from wear & tear but most important time too. Supergrowth has all the required data of corporate benefits announced by the company in the form of Dividends, Rights Issues, Bonus Issues, Share split up, shares you are entitled to get due to mergers or demergers.
Supergrowth being located at Nariman Point (which is within walking distance from The Bombay Stock Exchange and was having around 70% share in volume of total volume in India when there were only physical share certificates used to be traded) in India have very good relationships with not only current stockbrokers but brokers of 1990s through them we get in touch with the seller and D'mate the shares through their account and then transferring them to your D'mate account. We are having a presence in top cities of India and very soon we will have a pan India presence very soon, so where ever is the seller we can get in touch with him and get things sorted out in no time.
Wealth Discovery & Reclaiming Services Firm
133 'A' Mittal Court,
Effects of Demergers and Mergers while claiming shares from IEPF ( Investor Education and Protection Fund)
For example, Reliance has merged or demerged around 10 companies. (Some of them are Sidhpur Mills Company Limited merged in 1979, Reliance Petrochemicals in 1992, Reliance Polyethylen Limited (which we used to call RPEL or ILU in normal conversation), and Reliance Polypropylene Limited (RPPLor PILU) in 1992, and in 2002 again another company by the name of Reliance Petrochemicals ( It is not the same which got merged in 1992) in 2007 Indian Petrochemicals Limited (IPCL) these are few companies which got merged with Reliance. There is again a big list of companies that emerged from Reliance due to the split-up of Mukesh Ambani and Anil Ambani. The name of those companies which came in existence is Reliance Communication Ventures Limited, Reliance Natural Resources Limited, Reliance Capital Ventures Limited and Reliance Energy Ventures Limited.
This is the history of Reliance which is the biggest company in India ( Market Capitalisation wise) which has so many twists of mergers and demergers, but What about other industrial houses like TATA group ( It too has a long list of mergers and demergers few of them like TATA Oil, Lakme, Trent, Hindustan Lever (HLL) which now called Hindustan Unilever, ACC( in the stock market it used to be known as Merger because it was created by merging around 13 cement companies).
To be continued .....................
Thursday, January 7, 2021
Supergrowth would like to explain the above subject with the help of an example.
Mr.Ram hasn't claimed the dividend for Financial Year 2010-2011, however, he claimed dividend for Financial Year 2011-2012. In this case, the dividend that remains unpaid for FY 2010-2011shall be transferred to IEPF on expiry of seven years, i.e. FY 2017-2018. However, the underlying shares can't be transferred in FY 2017-2018 since Mr. Ram has claimed the dividend on such shares for FY 2011-2012. The shares will only be transferred in case there is a failure of consecutive seven years in payment of dividend.
In this case, the underlying shares will only gett transferred to IEPF in the Financial Year 2019-2020 provided Mr. Ram hasn't encashed any dividend on such shares from FY 2012-2013 and onwards consecutively for 7 years.
Therefore, the word 'Consecutive'mentioned under section 124 (6) is only relevant for the transfer of shares.
Supergrowth compliance team came across till now lots of companies like Everest Kanto Limited, Panacea Biotech Limited, IG Petro Limited, DCM Limited Limited, Archies Limited, Wockhardt Limited, Garware Marine Industries Limited, TVS Electronics Limited, etc. have made such mistakes. These mistakes not only increase the workload for company secretaries themselves but will be a big hassle for the shareholders whose shares transferred to IEPF.
The IEPF which is overburdened by lots of request of reclaiming of shares and dividend now that will add to its workload because of not clarity of the law. The IEPF should trace those companies, which were not supposed to transfer the share but have done and return those shares to the companies and let the shareholder claim the shares from the company itself. What do you say? ..........................