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? ..........................
Wednesday, August 12, 2020
The same way it rude to ask Supergrowth companies names before the client agrees to its terms and conditions. Why? The answer is given below.
The executives of Supergrowth might not have all the information. We provide them contacts of the prospective clients and the broader idea of the worth of investment that the client is not aware of. He might not aware that investment is spread by how many companies? forgot the name of the companies We have to reveal the information but that we reveal as and when it is required and once the client agrees to our terms and conditions. The way people ask this information whether ignorantly or arrogantly or smartly we don't know but few things they should and have to understand that Supergrowth is a business. It is not a helpline set up by exchequer's money so we are bound to provide that information. This information is very crucial and we put lots of resources to get information from various sources If we start providing that information free and people start approaching companies by bypassing Supergrowth then How it will run its business?
Sometime when our executive tells the client that will be revealed once he agrees on our terms and conditions then he gives us lots of excuses.
Few of those frequently used excuses and our reply to those excuses are here.
1) First, he has to cross-check about it and whether he wants to go ahead with it or not if the amount is small then he might not pursue it.
Answer:-We defiantly give you a ballpark figure of the whole corpus and that figure comes from Reliance or Infosys or L&T shouldn't make any difference to you. The money you get from selling shares of Reliance or Infosys or L&T doesn't have a different value in the market and dividend obviously doesn't have any different kind of credit in your bank account. As far as the time value of your time that we do take in consideration the person concerned and the same time if ticket size is low that is not an incentive for us too because we charges are like charges of Investment Banks, on a percentage basis, not as a lawyer charges on case basis.
2) We will negotiate the charges of Supergrowth first let me know the name of the companies?
Dear Sir, In any business first both parties should agree on terms and conditions. Any refined businessman won't enter any deal without knowing terms and conditions. Only a person who is not a man of his words and litigant will enter any deal without knowing terms and conditions, so first know our terms and condition. By the way, our charges are fixed so there is no scope of negotiation.
Supergrowth is more than 28 years old firm. We have and are working for some of the marquess names of the financial world, Stock Brokers, Bankers, and Businessmen and not only in Mumbai but across the globe. As and when it is required we are ready to share with you.
4) What about if I don't get any benefits through Supergrowth ( means he doesn't get any shares or dividend as promised by Supergrowth)
In the worst-case scenario if you don't get any benefits you don't lose anything it is Supergrowth that bears all the brunt so don't worry that you will not incur any financial loss.
5) Clients often act tough. "We are well known and this is how we work. We do transactions worth millions or billions on words" is the style of some of the prospective clients.
We do transactions worth millions and billions also but only once we sign on dotted lines. So frankly we don't care how great you are. On the other hand, if you want a windfall gain or want to get the money which you have written off and want to discuss a way to do so while reducing your financial risk we are open to discussing that.
6) Send across all the details of shares to our address. This is how some clients respond.
What do you think that Supergrowth running on a subscription base business and you have subscribed for that? There is no free lunch in this world, either you don't get anything free or if you get then it doesn't have any value. Supergrowth not only provides you information about your lost or forgotten investment but do almost all the spadework which requires specialist of legal and company affairs.
7) Clients often ask for trust. "We are honest and you should trust us" is what these types of messages state.
Actually the only thing this means is "We don't trust Supergowth but Supergrowth should trust us." So this is actually adding insult to injury. We are a publicly visible organization with standard systems. There is no reason not to trust us. On the other hand, we do not have the ability or energy to track the clients once we provide them the name of companies. We have thought through the level of risk we are prepared to take and have incorporated that in our standard system of dealing.
8) I m working on it so to know whether you have the same companies or different companies. Let me know the name of the companies.
First, we are surprised that if you knew that you have some shares and that too not years but decades ago and you couldn't do anything when it was requiring very little efforts and know What made you think that you will be able to do know when it will require 100 times more effort, time and cost. First, make your house in order and once you are done with it then you may contact us if there is something left. If you want to use this excuse to know the name of companies. We are sorry, so many people have done it before it won't work.
So basically our point is instead of trying to get us to change and take a decision, it is far better for you to evaluate Supergrowth and take your decisions accordingly.
We work on the presumption that clients are mature and can make their own decisions about what works best for them. We do not presume to be wiser than them and hence we do not chase them to change their minds.
So what are you waiting for? Sometimes we waste years of our life cumulatively and lose opportunities for the sake of a small amount of money. It’s human nature. We hope you will be able to overcome the fear or laziness that creates this tendency. On our part, we are a call or mail away.If you need that we work for you then please submit this form by clicking this link:- Form
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