INVESTOR ISSUES


Moneylife Digital Team 04 October 2021
The death of a family member is an emotionally traumatic time for families  and is often further complicated by harrowing legal and financial procedures.   The family has to battle several challenges—transfer of assets on death of the holder, reconstructing the financial records of...

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Maya M 02 October 2021
Over the past two days, confused and angry DHFL investors were flooding social media with complaints of not receiving payments as per their claims. Many complained of having received a raw deal by receiving a far lower amount (compared to what they were anticipating).   Catalyst...

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Moneylife Digital Team 30 September 2021
The twists and turns for Thrissur-based Dhanlaxmi Bank do not seem to end. At the annual general meeting (AGM), the lender’s shareholders rejected the appointment of its statutory auditors and branch auditors. The shareholders also refused to give authorisation to the board of directors of...

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Moneylife Digital Team 30 September 2021
In a huge relief for fixed deposit (FD) investors and non-convertible debenture (NCD)-holders of Dewan Housing Finance Corporation Ltd (DHFL), the repayment process has already started.   While many people have expressed their satisfaction at having received almost their full...

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Moneylife Digital Team 29 September 2021
Household indebtedness, both in rural and urban areas, was higher in southern states than rest of India over 2013-2019. According to data from the All-India Debt and Investment Survey (AIDIS), in 2019, Telangana, with 67.2%, had the highest proportion of its rural households indebted and...

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Moneylife Digital Team 28 September 2021
The resolution process of the beleaguered Dewan Housing Finance Ltd (DHFL), apparently in its final stages, is causing a lot of anxiety among investors. While holders of non-convertible debentures (NCDs) are expected to be repaid in a couple of days, the unexplained debits and credits in...

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Moneylife Digital Team 28 September 2021
Mahavir Toshniwal, managing director (MD) of Pentagon Stock Brokers Pvt Ltd has been arrested by the economic offences wing (EOW) of Mumbai police in a fraud case of about Rs40 crore. Madhu Lunawat, co-founder and director of Pentagon Stock Brokers, had filed the...

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Moneylife Digital Team 25 September 2021
Real interest rates have turned negative in India (which means the interest rate is lower than inflation), as has happened in the US and Europe some years back. This has created many problems for savers, especially senior citizens, many of whom have kept most of their money safely with banks....

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Over the past few years, 80-odd companies have faced the ignominy of having their decisions overturned by collective action of institutional or retail investors. In a remarkable case last week, which could be a turning point of sorts in the battle for better management accountability, large...

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IANS 15 September 2021
A shareholder of Vodafone Idea, Satya Prakash Sinha, has complained to SEBI that on June 7, when Kumar Mangalam Birla, the Chairman of Vodafone Idea Limited, offered his stake to the government of India or any company approved by the government for free, the information was not shared with...

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Moneylife Digital Team 14 September 2021
In yet another example of shareholder activism, almost 90% of stakeholders, mainly institutions and the public, have rejected a proposal to delist Allcargo Logistics Ltd.    Promoters of Allcargo Logistics, including Shashi Kiran Shetty, Aarthi Shetty, Adarsh Hedge, Priya Hedge, and...

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Moneylife Digital Team 07 September 2021
Market regulator Securities and Exchange Board of India (SEBI) has decided to introduce trading plus one (T+1) or T+2 rolling settlement for stock exchanges on an optional basis for any scrip they choose from 1st January.    In a circular, SEBI says, "It has been decided to provide...

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IANS 06 September 2021
With 37.61 per cent of its paid up equity share capital or 53.59 million equity shares are subject to outstanding legal and regulatory proceedings including a 1:500 bonus issue Tamilnad Mercantile Bank (TMB) has filed its Draft Red Herring Prospectus (DRHP).   The bank has filed DRHP...

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Moneylife Digital Team 03 September 2021
Market regulator Securities and Exchange Board of India (SEBI) has confirmed its directions passed in an interim order on 13 January 2021 that had barred Hemant Ghai, former host of a show on CNBC Awaaz and two of his family members from recommending stocks. Mr Ghai used to host the “Stock...

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Moneylife Digital Team 02 September 2021
A survey conducted by the income-tax (I-T) department in February 2021 on JM Financial Asset Management (AMC) Ltd (JMFL) found several lapses, including manipulated accounting methodology to inflate artificially distributable surplus and payout dividend to investors. Days before the survey,...

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Moneylife Digital Team 27 August 2021
Market regulator Securities & Exchange Board of India (SEBI) has barred Kotak Mahindra Asset Management Company (AMC) from launching any new fixed maturity plan (FMP) for the next six months for the delay in payments to unit-holders of its six schemes. Kotak Mahindra Mutual Fund (KMMF) has...

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Moneylife Digital Team 25 August 2021
Nandalal Kesar Singh, chairman of the Phenomenal group of companies, has been sent to police custody till 2 September 2021 by a court in Latur. Mr Singh, the brain behind a Rs684 crore Ponzi scam, was arrested on Sunday by Mumbai Police’s crime branch Unit VII from a city...

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IANS 25 August 2021
The Ministry of Corporate Affairs has cautioned the public and stakeholders of 'Nidhi' businesses as none of the the companies scrutinised by the government so far have been able to satisfy the requisite criteria for being declared a Nidhi company.   The business of Nidhi companies...

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Isaiah Keyes (TruthInAdvertising.org) 17 August 2021
It might be a catchy slogan, but it's not a universally good idea.   As a streaming-only household, my partner and I receive targeted ads based on our browsing and viewing habits. Marketers have accurately placed us as squarely in our mid-20s, which means that roughly every other ad...

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Moneylife Digital Team 16 August 2021
The Delhi High Court has issued notices to 12, including Union government and C&C Towers Ltd, in a writ petition filed by 94 financial creditors of the company.    In her order issued last week, justice Rekha Palli observed that these 94 financial creditors of C&C Towers had...

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