SHARE TRANSFER AGENTS
SBI shareholders, bondholders: State Bank of India appoints new Registrar & Share Transfer Agent (RTA); check details
SBI shareholders, bondholders: The State Bank of India (SBI) has announced the appointment of a new Registrar & Share Transfer Agent (RTA) to replace the current RTA, Alankit Assignments.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 25%
While the recent up move in large caps has made them cover some of the differential which has developed in the valuations between mid and large stocks. If one looks at the long term average, there is still a scope of mean reversion. It might happen in both ways, mid-cap witnessing some profit booking and large caps doing relatively well in the corrective phase of the markets. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Indian Oil to transfer unclaimed shares of investors to govt fund by this date: How to check if your name is on the list
If you haven't claimed dividends on Indian Oil shares for seven consecutive years or more, the shares will be moved to a government fund. Here is how to check if your name is on the list
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of over 20%
Just because the Nifty has been trading in a volatile mood for the last few trading sessions, the word correction might be heard on the street. The fact is that if one looks at the internal of the markets, there has been an ongoing correction which is taking place which has been largely guided by the numbers which companies have delivered for Q4. Also there is a kind of sectoral correction taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of over 20%
Just because the Nifty has been trading in a volatile mood for the last few trading sessions, the word correction might be heard on the street. The fact is that if one looks at the internal of the markets, there has been an ongoing correction which is taking place which has been largely guided by the numbers which companies have delivered for Q4. Also there is a kind of sectoral correction taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Unclaimed shares moved to IEPF, a govt fund? Here's a step-by-step guide on how to get back shares
Unclaimed shares: If you have found that your shares have been transferred to Investor Education and Protection Fund (IEPF) then do not worry. You can get these shares back from the IEPF Authority by filling up the online IEPF-5 e-form. However before filing up thise-form you need to know certain important aspects like entitlement letter. Read here to know more.
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Reliance to transfer unclaimed shares to govt fund by this date: Check if yours are in RIL's list
Reliance Industries shares: You RIL shares will be transferred to Invester Education Protection Fund (IEPF) if you do not claim them by a date as specified by Relaince Industries through its public notice dated May 24, 2024. Read here to know how to claim, who has to claim and which form to fill if such shares needs to be claimed.
Beacon Trusteeship IPO to open on May 28; sets price band at Rs 57-60/ share
Leading debenture trustee Beacon Trusteeship Ltd on Wednesday said it is aiming to raise a little over Rs 32 crore through its initial share-sale opening for public subscription on May 28.
'And Just Like That' Season 3: Sara Ramirez won't return. Was she fired for demanding Gaza ceasefire?
Sara Ramirez portrayed nonbinary standup comedian Che Diaz in the first two seasons of 'And Just Like That' and became an object of mockery and multiple memes. Ramirez said in June 2022 that she was well aware of the hatred present online, but had tried to avoid the online commentary.
For the trader and investor in you: A collection of stocks suitable for trading and investing alike
It is probably times like these, where valuations are high and the desire to trade and invest is also at a peak, one needs to set some rules, both for investing and trading. As a first step, have a well defined set of stocks, where one would invest and trade. So, that one does stray into stocks which are moving up just because there is sunshine all over the street. This might appear conservative to some as it limits the scope but being conservative is a way of bringing in discipline, especially when it comes to trading. So, out of a total universe of more than 3000 stocks, how about having a set of 50 non - nifty stocks which increase the probability of you making money both in volatile and trending markets and also satisfy your desire to be a trader and investor at same time.
Subramanian Swamy moves Delhi HC against Axis Bank, Metlife for allegedly making gains from sale of equity share
Senior Advocate Raj Shekhar Rao and Advocates Satya Sabarwal and Tanya Arora appeared for the petitioner Subramonium Swamy and Senior Advocates Mukul Rohatagi, Rajeev Nayyar and Neeraj Kishan Kaul appeared for the respondents side, in the matter.
Insurance agents got extra Rs 25,000 crore via benami companies: I-T Dept
Notices under Benami Transactions (Prohibition) Amendment Act, 2016, have been sent to insurance agents. They have\ been told to share info on their money transactions with the intermediaries. The benami amount is estimated to be in excess of Rs 25,000 crore.
More than just an index and it's not Nifty: A collection of stocks suitable for trading and investing alike
Out of 50 stocks, only 5 of them have delivered negative returns in the last one year. Out of these 5 stocks, three stocks belong to one industrial house which faced headwinds early last year. 7 stocks have delivered more than 100 percent return, 4 stocks have gained between 80 to 100 %, 8 stocks have gained between 60 to 80 %, 5 stocks between 40 to 60 %, 12 stocks have gained between 20 to 40% and 9 stocks have gained between 0 to 20%. So, if you have focussed only on these 50 stocks out of a total universe of more than 3000 stocks which are traded, the probability that you would have been able to make money both in volatile and trending markets and also satisfy your desire to be a trader and investor at same time would have been met. The reason why is stocks? Most retail traders have a tendency to trade with bullish bias and prefer taking long positions rather than going short even when markets are not so bullish.
Insurers' intermediaries get I-T notices under benami law over alleged fund routing violations
Over the past one week, some companies acting as agents and marketing intermediaries of insurance companies have received notices under the Benami Transactions (Prohibition) Amendment Act, 2016, for allegedly routing funds to sidestep regulations.
Your shares will be shifted to this government fund if you don't do this for 7 consecutive years
If an individual has not claimed dividend given on shares held by him or her for seven consecutive years, then the company has to transfer those shares and the dividend money to Investor Education and Protection Fund (IEPF), which is managed by Ministry of Corporate Affairs (MCA). However, an individual can claim back those shares by following an online process.
Multibagger BSE jumps 6% after Jefferies initiates coverage with 'buy' rating
The brokerage estimates a 150% earnings jump in FY24 while hoping BSE to double its earnings over FY 2024-26. It also finds BSE’s valuation reasonable at 31X forward P/E versus RTAs (Registrar & Transfer Agents) at 38X, AMC at 28X, and depositories at 48X.
Tottenham risk points deduction as FA considers agent rule breach investigation in Jermain Defoe transfer
Tottenham Hotspur, the English Premier League club reportedly might face points deduction as the Football Association (FA) is considering to undertake a review of some evidence which directs towards “serious breaches “ of football agent rules in regards to the transfer of football player Jermain Defoe in 2008.
Sebi eases rule for physical securities' holders without PAN, KYC details
The folios wherein any one of such documents are not available on or after October 1, 2023, is required to be frozen by the Registrars to an Issue and Share Transfer Agents (RTA), Sebi said in May
Gurgaon vegetable seller scams hundreds, rakes Rs 21 crore in just 6 months
A 27-year-old man, previously a vegetable seller, has been arrested for cheating people out of Rs 21 crore through work-from-home scams. Rishabh Sharma, involved in 37 fraud cases, operated across 10 states and assisted in 855 others. He allegedly transferred the money to countries like China, Singapore, and Hong Kong through hawala and cryptocurrency.
This type of illiquid shares cannot be transferred out of demat account or sold anywhere
A share which was once actively traded on stock exchanges could turn illiquid one day due to multiple reasons like trading suspension/block or any news event, etc. Further an investor cannot exit from such stocks by selling them on the stock exchange since there is no buyer.
Unconventional property transfer: Iranian estate agent arrested for transferring ownership to dog
A real estate agency in Iran has been closed down after a viral video showed property ownership being transferred to a dog. The video featured the dog, named Chester, 'signing' with paw prints and being named as the owner of an apartment. The dog's owners, who do not have biological heirs, explained that they chose to pass on the property to their pet. While dogs are generally frowned upon as pets in Iran due to certain interpretations of Islamic law, there is an emerging trend among the upper classes of keeping cats and dogs as companions.
Banking agents take credit and insurance offerings to last mile
As the country evolves from opening Jan Dhan accounts to selling more complex financial products to even the last-mile consumers, the agent network of BCs is emerging as the most suitable distribution channel.
How to transfer old share certificates in physical form to demat account
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Karnataka High Court stays transfer of 2.51 cr shares of TD Power System Ltd
The High Court of Karnataka has prevented the chairman of TD Power System, along with others, from transferring over Rs 555 crore worth of shares in the company. The good faith of Mohib Nomanbhai Khericha, a family friend of the chairman, Nikhil Kumar and TD Power's and Khericha's company, Sapphire Finman Services, has been called into question in relation to the sale of shares.
Sebi amends rules; intermediaries requires prior approval for change in control
Vault manager is regulated as a Sebi intermediary for providing vaulting services meant for gold deposited to create electronic gold receipts (EGRs). The obligations of the vault manager include accepting deposits, storage and safekeeping of gold, creation as well as withdrawal of EGR, grievance redressal and periodic reconciliation of physical gold with the records of depository.
Sebi amends rules for Alternative Investment Funds
AIFs, in market parlance, refers to a privately-pooled investment vehicle which collects funds from investors whether Indian or foreign for investing these funds in the country. Broadly, AIF rules govern venture capital funds, private equity funds, SME funds, hedge funds among others.
Sebi asks bourses to put in place SOPs for dispute resolution on investor services by June 1
According to a circular, in respect of disputes in these matters where RTA offer services to shareholders or investors on behalf of listed companies, the RTAs will continue to be subjected to the stock exchange arbitration mechanism.
Sebi clarifies on norms for processing investors' service requests by RTAs
"From January 1, 2022, the RTAs shall not process any service requests or complaints received from the holder(s) / claimant(s), till PAN, KYC and nomination documents/details are received," Sebi said in a circular.
Sebi issues guidelines for transfer, dematerialisation of re-lodged physical shares
Shares in demat form would help in maintaining a transparent record of shareholding of companies amid rising concerns over beneficial ownership of entities.
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