Thursday, October 9, 2008
Indian market in very serious phase
Presently, Indian share market is going through a very bad phase. there is a acute shortage of liquidity and this has created a lot more problems for investors. it is only a temporary phase and since indian fundamentsals are strong, markets can bounce back any time. but this cannot be expected at a very fast pace. By the middle of 2009, things will come into control and by then inflation will be expected to single digit figure.
Wednesday, September 17, 2008
Is this the right time to invest ?
Invest in what you know best and what you’re most comfortable with.
Though many of us don’t necessarily begin our investing lives as experts on things we’ve invested in, the point here is that we do enough due diligence on matters that put our money at some risk.
Thus, if you’re open to the idea of investing in the stock market (like most people actually are ) but are somehow still on the fence about it, maybe some of the following thoughts will help you take the dip into a few investments that should grow at a greater pace than your staid FDIC insured savings account, over the long term.
The Best Time To Get Into The Stock Market?
A lot of people I know ask me about when they should start investing in the market. My quick answer to them is “Buy now!”, but that really deserves a bit more explanation. Here’s what I really mean: when somebody asks me “When should I buy into equities?” I ask them to zero in on these 8 indicators that could tell them they’re ready to wade into stocks:
When you’re comfortable about it.
Don’t jump into the market unless you’re really comfortable with the inherent risk it offers. Because of the relatively higher returns that stocks give you, the risk to your capital is also greater. Of course, there is other risk involved if you do NOT invest in the market, like the risk that your money won’t be keeping up with inflation. By diversifying your portfolio and maintaining a long term investment horizon, you’ll manage your risk of capital loss much better.
Like, yesterday!
Most personal finance buffs will tell you that you should invest early or as soon as possible. I’ll take it further and say you should have started investing yesterday — and it’s obvious why. A while back, the stock market was a lot lower than it is now. Not in the near term of course, but look far enough in the past and you’ll see how it’s climbed. If you had invested yesterday, you’d be sitting on some profits. This is the case even as the market has dipped so many times over the years: the market’s long term trend is still UP.
When the market has slumped.
Most folks I know get quite excited when the market is marching upwards — that’s when they ask the usual questions about what type of stock to get into or what fund is worth checking out. It’s the herd mentality at work, and when stocks are strong and market momentum is fierce, we can’t help but be swept in it. But what about those times when the market is in the dumps? If you’ve got the funds, entering the market during a correction or bearish period may yield you good value for your money, especially when you take the long view. Taking the contrarian approach can yield you bigger returns down the road since big downtrends are usually followed by even bigger rallies.
When all you hear is bad news.
As they say, buy when there’s blood on the streets. This is simply a corollary to the “rule” that states that you should consider buying when the market is down. I get particularly excited when people are selling and bad news is circulating everywhere, thereby exerting downward pressure on the markets. So contrary to what you may think, bad news is really good news….for buyers and investors!
When you stumble unto a windfall.
Okay so how many of us can admit to spending a windfall before we actually ever receive it? Have you tried mentally accounting for a windfall, and assigning it to an expense bucket before you’ve even gotten a chance to touch it? Unfortunately, it happens too often especially these days when cash flow is tight and everyday costs are up. But if we change our habits and place any unexpected extra money (such as an inheritance, cash gift, tax refund or even the remote possibility of a lottery win) into the stock market instead, that money will leave you a much bigger impression later on than if you simply spent it. Windfall + stock market + power of compounding = potentially big profits later.
After you’ve got a handle on your debts.
Having a lot of debt can be pretty distracting and overwhelming, so let it be the focus of your financial life. That is, if you’re heavy with bad debt — the kind that only takes away and doesn’t give anything back — then make it your priority to reduce it as much as you are able. Once you’ve got your loans under control, you may start considering an investment plan, especially if you’re eligible for an employee-sponsored retirement account. Personally, before I do much else financially, I’d make sure that I trim all my big, bad debts.
After you build your emergency fund.
As priorities go, trimming huge bad debts and building an emergency fund should be first on your list before you begin worrying about an investment program. Working on a lot of financial goals is always quite commendable, but sometimes, doing too much can also backfire. By spreading yourself thin, you may get frustrated and make less progress than if you prioritize and handle your most pressing concerns first prior to putting your hard-earned cash at risk in the markets. But if you’ve got the money and the bandwidth — by all means, tackle all your money goals simultaneously!
Every month.
It’s a financial golden rule that is worth repeating often: invest every month. Even just a little bit. And funneling your funds in the stock market will help build your net worth faster than if those funds were in more conservative accounts. Apply a dollar cost averaging or value cost averaging strategy and you’ll be amazed at how large a nest egg you’ll be able to build.
Though many of us don’t necessarily begin our investing lives as experts on things we’ve invested in, the point here is that we do enough due diligence on matters that put our money at some risk.
Thus, if you’re open to the idea of investing in the stock market (like most people actually are ) but are somehow still on the fence about it, maybe some of the following thoughts will help you take the dip into a few investments that should grow at a greater pace than your staid FDIC insured savings account, over the long term.
The Best Time To Get Into The Stock Market?
A lot of people I know ask me about when they should start investing in the market. My quick answer to them is “Buy now!”, but that really deserves a bit more explanation. Here’s what I really mean: when somebody asks me “When should I buy into equities?” I ask them to zero in on these 8 indicators that could tell them they’re ready to wade into stocks:
When you’re comfortable about it.
Don’t jump into the market unless you’re really comfortable with the inherent risk it offers. Because of the relatively higher returns that stocks give you, the risk to your capital is also greater. Of course, there is other risk involved if you do NOT invest in the market, like the risk that your money won’t be keeping up with inflation. By diversifying your portfolio and maintaining a long term investment horizon, you’ll manage your risk of capital loss much better.
Like, yesterday!
Most personal finance buffs will tell you that you should invest early or as soon as possible. I’ll take it further and say you should have started investing yesterday — and it’s obvious why. A while back, the stock market was a lot lower than it is now. Not in the near term of course, but look far enough in the past and you’ll see how it’s climbed. If you had invested yesterday, you’d be sitting on some profits. This is the case even as the market has dipped so many times over the years: the market’s long term trend is still UP.
When the market has slumped.
Most folks I know get quite excited when the market is marching upwards — that’s when they ask the usual questions about what type of stock to get into or what fund is worth checking out. It’s the herd mentality at work, and when stocks are strong and market momentum is fierce, we can’t help but be swept in it. But what about those times when the market is in the dumps? If you’ve got the funds, entering the market during a correction or bearish period may yield you good value for your money, especially when you take the long view. Taking the contrarian approach can yield you bigger returns down the road since big downtrends are usually followed by even bigger rallies.
When all you hear is bad news.
As they say, buy when there’s blood on the streets. This is simply a corollary to the “rule” that states that you should consider buying when the market is down. I get particularly excited when people are selling and bad news is circulating everywhere, thereby exerting downward pressure on the markets. So contrary to what you may think, bad news is really good news….for buyers and investors!
When you stumble unto a windfall.
Okay so how many of us can admit to spending a windfall before we actually ever receive it? Have you tried mentally accounting for a windfall, and assigning it to an expense bucket before you’ve even gotten a chance to touch it? Unfortunately, it happens too often especially these days when cash flow is tight and everyday costs are up. But if we change our habits and place any unexpected extra money (such as an inheritance, cash gift, tax refund or even the remote possibility of a lottery win) into the stock market instead, that money will leave you a much bigger impression later on than if you simply spent it. Windfall + stock market + power of compounding = potentially big profits later.
After you’ve got a handle on your debts.
Having a lot of debt can be pretty distracting and overwhelming, so let it be the focus of your financial life. That is, if you’re heavy with bad debt — the kind that only takes away and doesn’t give anything back — then make it your priority to reduce it as much as you are able. Once you’ve got your loans under control, you may start considering an investment plan, especially if you’re eligible for an employee-sponsored retirement account. Personally, before I do much else financially, I’d make sure that I trim all my big, bad debts.
After you build your emergency fund.
As priorities go, trimming huge bad debts and building an emergency fund should be first on your list before you begin worrying about an investment program. Working on a lot of financial goals is always quite commendable, but sometimes, doing too much can also backfire. By spreading yourself thin, you may get frustrated and make less progress than if you prioritize and handle your most pressing concerns first prior to putting your hard-earned cash at risk in the markets. But if you’ve got the money and the bandwidth — by all means, tackle all your money goals simultaneously!
Every month.
It’s a financial golden rule that is worth repeating often: invest every month. Even just a little bit. And funneling your funds in the stock market will help build your net worth faster than if those funds were in more conservative accounts. Apply a dollar cost averaging or value cost averaging strategy and you’ll be amazed at how large a nest egg you’ll be able to build.
a possible merger of Morgan Stanley
Investment bank Morgan Stanley is weighing whether it should remain independent or merge with a bank, give the recent turbulence in the company's share price, broadcaster CNBC reported on Wednesday. Morgan Stanley officials were not in merger talks as of late Tuesday, CNBC said, citing unnamed people close to the matter.
"But senior people at Morgan concede that further zig-zags in the company's stock price could and possibly will force the company to change course and seek a merger partner, probably a well capitalized bank," CNBC reported on its Website.
Morgan Stanley shares closed down 10.8 per cent at $28.70 on Tuesday, having fallen 46 per cent so far this year.
Morgan Stanley officials in Hong Kong declined to comment on the report.
"But senior people at Morgan concede that further zig-zags in the company's stock price could and possibly will force the company to change course and seek a merger partner, probably a well capitalized bank," CNBC reported on its Website.
Morgan Stanley shares closed down 10.8 per cent at $28.70 on Tuesday, having fallen 46 per cent so far this year.
Morgan Stanley officials in Hong Kong declined to comment on the report.
ICICI may loose a huge sum
ICICI may loose around RS 375 Crore as US major Lehman has filed for Brankruptcy. ICICI hs already provided $12 million against the investment in these bonds. Considering 50% recovery estimate, ICICI is planning to provide for additional $28 million against the expected losses. The total exposure of the ICICI Bank is less than 1% of its total assets which is over Rs 4.8 lakh crore.
On Tuesday, while ICICI bank stock fell by over Rs 6% to close at Rs 591, the public sector bnk scrips surged smartly.
The 30 share sensitive index of BSE closed at 13,518.80, down 12.47 pints after falling over 400 points in the morning.
On Tuesday, while ICICI bank stock fell by over Rs 6% to close at Rs 591, the public sector bnk scrips surged smartly.
The 30 share sensitive index of BSE closed at 13,518.80, down 12.47 pints after falling over 400 points in the morning.
Tuesday, September 16, 2008
HDFC MF is planning to start Real Estate Mutual Fund soon
A top company official said, “HDFC Mutual Fund is planning to start on a real estate mutual fund soon.”
HDFC Mutual Fund's Managing Director Milind Barwe told reporters on the sidelines of a real estate conference here, “We plan to launch our real estate mutual fund within the next few months.”
Realty MF’s would be different from the conventional schemes and the money collected would be invested in real estate projects and mortgage-backed securities. Valuation of the assets held by the fund would be done by a third-party valuer.
HDFC Mutual Fund's Managing Director Milind Barwe told reporters on the sidelines of a real estate conference here, “We plan to launch our real estate mutual fund within the next few months.”
Realty MF’s would be different from the conventional schemes and the money collected would be invested in real estate projects and mortgage-backed securities. Valuation of the assets held by the fund would be done by a third-party valuer.
Investors in India - Attention
1.1 Attention of the investors is invited to the Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006, (hereinafter 'the Regulations'), notified by Securities and Exchange Board of India (SEBI) on 13th November,2006.
1.2 Chapter III of the Regulations inter-alia stipulates the shareholding restrictions and eligibility criteria for holding equity shares in the recognized Stock Exchange as under:
1.2.1 Shareholding and transferability restrictions
Regulation 8 (1) of the Regulations provides that no person shall, directly or indirectly, acquire or hold more than five per cent in the paid up equity capital of a recognised stock exchange at any time after commencement of these regulations.
1.2.2 Eligibility criteria for persons acquiring or holding more than one per cent equity shares in a recognised stock exchange
Regulation 9. (1) of the Regulations provides that no person shall, either individually or together with persons acting in concert with him, acquire and/or hold more than one per cent of the paid up equity capital of a recognised stock exchange after commencement of these regulations, unless he is a fit and proper person and has taken prior approval of the SEBI for doing so.
Further, regulation 9(2) provides that for the purpose of sub-regulation (1), a person shall be deemed to be a fit and proper person if -
such person has a general reputation and record of fairness and integrity, including but not limited to -
financial integrity;
good reputation and character; and
honesty.
such person has not incurred any of the following disqualifications -
the person or any of its whole time directors or managing partners has been convicted by a Court for any offence involving moral turpitude or any economic offence, or any offence against the securities laws;
an order for winding up has been passed against the person;
the person or any of its whole time directors or managing partners has been declared insolvent and has not been discharged;
an order, restraining, prohibiting or debarring the person, or any of its whole time directors or managing partners from dealing in securities in the capital market or from accessing the capital market has been passed by the Board or any other regulatory authority and a period of three years from the date of the expiry of the period specified in the order has not elapsed;
any other order against the person or any of its whole time directors or managing partners which has a bearing on the capital market, has been passed by the Board or any other regulatory authority and a period of three years from the date of the order has not elapsed;
the person has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force; and
the person is financially not sound.
In terms of regulation 9(3) If any question arises as to whether a person is a fit and proper person, the SEBI's decision on such question shall be final.
2.1 Under the BSE (Corporatisation and Demutualisation) Scheme, 2005 the Exchange has to ensure that "Public" other than shareholders having trading rights continuously hold at least 51% of equity shares of the Exchange.
2.2 In terms of regulation 2 (h) of the Regulations "public" includes any member or section of the public but does not include any share holder of the recognised stock exchange having trading rights therein or any associate of such shareholder;
2.3 According to the clarification received from SEBI vide MRD/DSA/SE/Cir-09/08 dated April 17, 2008 the term "shareholder having trading rights' mentioned in the Regulations would mean a shareholder who has a trading interest in the stock exchange, whether directly or indirectly through a person having trading rights.
Explanation: a shareholder having trading interest 'indirectly' in relation to a person having trading rights would be understood in the same manner as the term 'associate' is in relation to a shareholder having trading rights under regulation 2(1)(b) of the Regulations.
2.4 Attention of the Investors is also invited to the term "Associate" in relation to a shareholder having trading rights in a recognised stock exchange as defined in the Regulations.
In terms of regulation 2 (1) (b) of the Regulations "associate" in relation to a shareholder having trading rights in a recognised stock exchange means a person -
who directly or indirectly, by himself or in combination with other persons, exercises control over such shareholder or holds substantial shares entitling not less than fifteen per cent of the voting rights in such shareholder being a body corporate; or
over whom such shareholder, directly or indirectly, by itself or in combination with other persons, exercises control; or
whose director or partner is also a director or a partner of such shareholder , being a body corporate or a partnership firm, as the case may be; or
who is a holding company or subsidiary company of such shareholder or acompany under the same management as such shareholder; or
who is a relative of the shareholder being a natural person under Schedule IA of the Companies Act, 1956 (1 of 1956); or
who is a sub-broker of the shareholder in that stock exchange; or
who acts in accordance with instructions of such shareholder in the exercise of voting rights and other rights in the recognised stock exchange, directly or indirectly.
3 Attention of the Investors is further invited to the term "Persons Acting in Concert" [for the purpose of regulation 9(1) of the Regulations] as defined under Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (SAST Regulations)
In terms of regulation 2 (e) of the SAST Regulations "person acting in concert" comprises,-
persons who, for a common objective or purpose of substantial acquisition of shares or voting rights or gaining control over the target company, pursuant to an agreement or understanding (formal or informal), directly or indirectly co-operate by acquiring or agreeing to acquire shares or voting rights in the target company or control over the target company,
without prejudice to the generality of this definition, the following persons will be deemed to be persons acting in concert with other persons in the same category, unless the contrary is established :
a company, its holding company, or subsidiary or such company or company under the same management either individually or together with each other;
a company with any of its directors, or any person entrusted with the management of the funds of the company;
directors of companies referred to in sub-clause (i) of clause (2) and their associates;
mutual fund with sponsor or trustee or asset management company;
foreign institutional investors with sub-account(s);
merchant bankers with their client(s) as acquirer;
portfolio managers with their client(s) as acquirer;
venture capital funds with sponsors;
banks with financial advisers, stock brokers of the acquirer, or any company which is a holding company, subsidiary or relative of the acquirer :
Provided that sub-clause (ix) shall not apply to a bank whose sole relationship with the acquirer or with any company, which is a holding company or a subsidiary of the acquirer or with a relative of the acquirer, is by way of providing normal commercial banking services or such activities in connection with the offer such as confirming availability of funds, handling acceptances and other registration work;
any investment company with any person who has an interest as director, fund manager, trustee, or as a shareholder having not less than 2 per cent of the paid-up capital of that company or with any other investment company in which such person or his associate holds not less than 2 per cent of the paid-up capital of the latter company.
Note: For the purposes of this clause "associate" means,-
1. any relative of that person within the meaning of section 6 of the Companies Act, 1956 (1 of 1956); and
2. family trusts and Hindu undivided families.
4.1 In view of the aforesaid provisions, any person desirous of acquiring the shares of Bombay Stock Exchange Limited (BSE) should adhere to the following conditions:
That under the Regulations, there are restrictions on holding (either directly or indirectly) more than 5% of the paid up capital of the BSE;
That under the Regulations there are restrictions on holding (either individually or together with persons acting in concert with him) more than 1% in the paid up equity capital of BSE without complying with "fit and proper" criteria.
4.2
In order to comply with the aforesaid provisions as stipulated by SEBI, investor(s) before acquiring equity share(s) of BSE, are hereby advised to disclose/declare in the prescribed format given hereunder to the Exchange, which inter alia include among other things:
Whether such investor(s) is falling under the category of "Public" / "Trading Member of BSE" / "Associate of shareholder having trading rights in BSE";
details of the persons with whom he is associated [in terms of regulation 2(1)(b) of the Regulations]; and
details of the persons acting in concert [for the purpose of regulation 9(1) of the Regulations] with such investor(s) as defined under SAST Regulations.
Click here to download DISCLOSURE AND DECLARATION FORM and shareholding pattern.
1.2 Chapter III of the Regulations inter-alia stipulates the shareholding restrictions and eligibility criteria for holding equity shares in the recognized Stock Exchange as under:
1.2.1 Shareholding and transferability restrictions
Regulation 8 (1) of the Regulations provides that no person shall, directly or indirectly, acquire or hold more than five per cent in the paid up equity capital of a recognised stock exchange at any time after commencement of these regulations.
1.2.2 Eligibility criteria for persons acquiring or holding more than one per cent equity shares in a recognised stock exchange
Regulation 9. (1) of the Regulations provides that no person shall, either individually or together with persons acting in concert with him, acquire and/or hold more than one per cent of the paid up equity capital of a recognised stock exchange after commencement of these regulations, unless he is a fit and proper person and has taken prior approval of the SEBI for doing so.
Further, regulation 9(2) provides that for the purpose of sub-regulation (1), a person shall be deemed to be a fit and proper person if -
such person has a general reputation and record of fairness and integrity, including but not limited to -
financial integrity;
good reputation and character; and
honesty.
such person has not incurred any of the following disqualifications -
the person or any of its whole time directors or managing partners has been convicted by a Court for any offence involving moral turpitude or any economic offence, or any offence against the securities laws;
an order for winding up has been passed against the person;
the person or any of its whole time directors or managing partners has been declared insolvent and has not been discharged;
an order, restraining, prohibiting or debarring the person, or any of its whole time directors or managing partners from dealing in securities in the capital market or from accessing the capital market has been passed by the Board or any other regulatory authority and a period of three years from the date of the expiry of the period specified in the order has not elapsed;
any other order against the person or any of its whole time directors or managing partners which has a bearing on the capital market, has been passed by the Board or any other regulatory authority and a period of three years from the date of the order has not elapsed;
the person has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force; and
the person is financially not sound.
In terms of regulation 9(3) If any question arises as to whether a person is a fit and proper person, the SEBI's decision on such question shall be final.
2.1 Under the BSE (Corporatisation and Demutualisation) Scheme, 2005 the Exchange has to ensure that "Public" other than shareholders having trading rights continuously hold at least 51% of equity shares of the Exchange.
2.2 In terms of regulation 2 (h) of the Regulations "public" includes any member or section of the public but does not include any share holder of the recognised stock exchange having trading rights therein or any associate of such shareholder;
2.3 According to the clarification received from SEBI vide MRD/DSA/SE/Cir-09/08 dated April 17, 2008 the term "shareholder having trading rights' mentioned in the Regulations would mean a shareholder who has a trading interest in the stock exchange, whether directly or indirectly through a person having trading rights.
Explanation: a shareholder having trading interest 'indirectly' in relation to a person having trading rights would be understood in the same manner as the term 'associate' is in relation to a shareholder having trading rights under regulation 2(1)(b) of the Regulations.
2.4 Attention of the Investors is also invited to the term "Associate" in relation to a shareholder having trading rights in a recognised stock exchange as defined in the Regulations.
In terms of regulation 2 (1) (b) of the Regulations "associate" in relation to a shareholder having trading rights in a recognised stock exchange means a person -
who directly or indirectly, by himself or in combination with other persons, exercises control over such shareholder or holds substantial shares entitling not less than fifteen per cent of the voting rights in such shareholder being a body corporate; or
over whom such shareholder, directly or indirectly, by itself or in combination with other persons, exercises control; or
whose director or partner is also a director or a partner of such shareholder , being a body corporate or a partnership firm, as the case may be; or
who is a holding company or subsidiary company of such shareholder or acompany under the same management as such shareholder; or
who is a relative of the shareholder being a natural person under Schedule IA of the Companies Act, 1956 (1 of 1956); or
who is a sub-broker of the shareholder in that stock exchange; or
who acts in accordance with instructions of such shareholder in the exercise of voting rights and other rights in the recognised stock exchange, directly or indirectly.
3 Attention of the Investors is further invited to the term "Persons Acting in Concert" [for the purpose of regulation 9(1) of the Regulations] as defined under Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (SAST Regulations)
In terms of regulation 2 (e) of the SAST Regulations "person acting in concert" comprises,-
persons who, for a common objective or purpose of substantial acquisition of shares or voting rights or gaining control over the target company, pursuant to an agreement or understanding (formal or informal), directly or indirectly co-operate by acquiring or agreeing to acquire shares or voting rights in the target company or control over the target company,
without prejudice to the generality of this definition, the following persons will be deemed to be persons acting in concert with other persons in the same category, unless the contrary is established :
a company, its holding company, or subsidiary or such company or company under the same management either individually or together with each other;
a company with any of its directors, or any person entrusted with the management of the funds of the company;
directors of companies referred to in sub-clause (i) of clause (2) and their associates;
mutual fund with sponsor or trustee or asset management company;
foreign institutional investors with sub-account(s);
merchant bankers with their client(s) as acquirer;
portfolio managers with their client(s) as acquirer;
venture capital funds with sponsors;
banks with financial advisers, stock brokers of the acquirer, or any company which is a holding company, subsidiary or relative of the acquirer :
Provided that sub-clause (ix) shall not apply to a bank whose sole relationship with the acquirer or with any company, which is a holding company or a subsidiary of the acquirer or with a relative of the acquirer, is by way of providing normal commercial banking services or such activities in connection with the offer such as confirming availability of funds, handling acceptances and other registration work;
any investment company with any person who has an interest as director, fund manager, trustee, or as a shareholder having not less than 2 per cent of the paid-up capital of that company or with any other investment company in which such person or his associate holds not less than 2 per cent of the paid-up capital of the latter company.
Note: For the purposes of this clause "associate" means,-
1. any relative of that person within the meaning of section 6 of the Companies Act, 1956 (1 of 1956); and
2. family trusts and Hindu undivided families.
4.1 In view of the aforesaid provisions, any person desirous of acquiring the shares of Bombay Stock Exchange Limited (BSE) should adhere to the following conditions:
That under the Regulations, there are restrictions on holding (either directly or indirectly) more than 5% of the paid up capital of the BSE;
That under the Regulations there are restrictions on holding (either individually or together with persons acting in concert with him) more than 1% in the paid up equity capital of BSE without complying with "fit and proper" criteria.
4.2
In order to comply with the aforesaid provisions as stipulated by SEBI, investor(s) before acquiring equity share(s) of BSE, are hereby advised to disclose/declare in the prescribed format given hereunder to the Exchange, which inter alia include among other things:
Whether such investor(s) is falling under the category of "Public" / "Trading Member of BSE" / "Associate of shareholder having trading rights in BSE";
details of the persons with whom he is associated [in terms of regulation 2(1)(b) of the Regulations]; and
details of the persons acting in concert [for the purpose of regulation 9(1) of the Regulations] with such investor(s) as defined under SAST Regulations.
Click here to download DISCLOSURE AND DECLARATION FORM and shareholding pattern.
Objective of this site
In this website, information on current market changes will be made available. Updates and latest trends in market will be presented. Investors will be able to get information and guidance on different companies where they can invest. Changes in Global market and its effect on Indian market. Shares likely to climb high. Alerts on bear phase and predictions on the market fluctuations.
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