FLAME Newsletter - November 20, 2013


 

Quote of the Week

“What a pity that our regulated sectors, which are expected to mobilise savings and direct them to productive assets, have not got a rupee in equity inflow”

— Nirmal Jain, Chairman, India Infoline Group

YOUR FINANCE DEMYSTIFIED:

What is dematerialisation of securities?

As a share or debenture holder, it is important for you to be aware of the procedures to manage your investment in securities (the collective name for equity shares, debentures, bonds, mutual fund units etc.)

Managing your investment in securities is simple and easy in electronic form (dematerialised form) and it has many advantages over managing it in physical form (share / debenture certificates). Accordingly, this write-up details dematerialisation of securities, its advantages and how to manage your investment in demat mode.

Your investments in shares and debentures can be held in electronic or dematerialised form in a depository. Depository is an entity which holds securities (shares, debentures, bonds, government securities, mutual fund units etc.) of investors in electronic form at the request of the investors... Read more

Simple & safe way to invest in equity

Lost share certificate: Steps you should take for issue of duplicate certificates

What will you do if you lose an important document like your share certificate? The thought itself can prove to be a nightmare as there are chances of the document being misused—leading to a financial loss. This article elaborates on the steps you should take to get duplicate share certificates from the company / registrars to avoid any financial loss.

If you have lost or misplaced your share certificates of any listed company, you need to immediately inform the respective company—of which you had the shares. You also need to quote the folio number and details of share certificates to the company for their reference. When a company receives an intimation that you have lost the shares, the folio number or the details provided to the company are frozen—in lieu of the lost one. This is done by the company to prevent any fraud or transfer of shares... Read more

DID YOU KNOW?

What is stock split?

Stock split refers to split the face value of the shares of companies. Accordingly, in 1:10 split, shares of Rs. 10 face value may be reduced to face value of Re. 1. In such case, you will have 10 times the initial number of share held. However, the price of shares would also fall proportionately split but the total value of your holding remains the same. This mean more number of shares are available for investors... Read more

TERM OF THE WEEK

IPO green shoe option

In a company prospectus, the legal term for the greenshoe is "over-allotment option", because in addition to the shares originally offered, shares are set aside for underwriters... Read more

IN THE NEWS THIS WEEK

PSBs share disproportionate & increasing burden of NPAs: RBI

Pay IT dues in advance at RBI or at authorised bank branches

SEBI announces SRO rules for MF distributors

SEBI tightens hold on stock exchanges for better compliance

AMCs should have assets worth Rs. 250mn: SEBI panel


ABOUT FLAME

FLAME (Financial Literacy Agenda for Mass Empowerment) is an IIFL initiative to promote financial literacy amongst the masses in order to make them an integral part of India’s spectacular growth story.

In an era of accelerating GDP and rising per capita growth, financial literacy has become more critical than ever before such that we all reap the tangible benefits of the nation’s economic prosperity. Financial inclusion has been quite high on the governmental agenda, given its emphasis on widening the Banking & Financial services network across the country. IIFL’s FLAME initiative stands committed to complement this effort by helping common people gain financial growth and security though better awareness and education on the variety of financial products while avoiding the lure of and loss from unrealistic claims made by unscrupulous agents and ponzi schemes.

Our objective is to light a FLAME, as the name suggests, which will set ablaze a chain of FLAMEs across the country. The new-found light of knowledge will undoubtedly dispel the dark clouds of financial illiteracy and ensure the bright sunshine of financial growth and prosperity.

This portal is but one of the various IIFL initiatives that would be part of FLAME.



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