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Dear friend,
The market has lost its grip as people have lost interest in the stock market. Shanghai Index has been crashed by more than 60% and many of the Asian Markets indices have reached below 52 week low. When BSE Index was 8800 mark in 2006, Nikki was at about 13,000 levels and now Nikki has come down below 13,000 levels, BSE Index should reach between 7700 to 8800 levels. There is not a life in the Indian Stock Market. Due to the corrupt government policies, concentration of money in few hands, high inflation, high interest rates, high oil and commodities prices, artificially created high real estate rates, lack of sources of income, higher cost of living and the shares are available at very high P/E of about 15 to 20, the purchasing power of the general investors has gone down extremely. We are being forced by the syndicate to talk only about Growth, GDP and Economy but in the real terms think that when at 3% inflation level GDP was of 7% then at 12.44% level of inflation, GDP should have to be 28% to 30% and at 1% or 3% level of inflation the income tax exemption on income was on the income up to Rs.1,25,000 now at the inflation at 12.44% level the income tax exemption on the income should be between Rs.5,00,000 to Rs.12,00,000. Market will become attractive and healthy only at 6 to 8 P/E. Meanwhile all the mutual funds should be banned immediately. People may sell all their shares and mutual fund units on every rise in next 15 days (as at the time of every Investor Camp, 7 days before and 7 days after the Investor Camp, the whole syndicate together move up the market) and buy gradually fundamentally strong low P/E shares in the down market. Boycott Public issues, IPO and Right Issues as the Policies of SEBI in these matters are totally Anti-Investors and therefore corrupt. The policy of SEBI in the matter of pricing of IPO and Right Issues should be of that the companies can bring IPO or Right issues only at fixed price that it should not be more than 3 P/E of the EPS. It should be the rule that all IPO and Right Issues should come in Extreme Bear Market Conditions only. All IPO should only be for the individual investors and not for any mutual funds, FII, financial institutions, corporate etc. All the government policies, the laws of the land, rules and regulation, procedures and formalities of each authority should be framed by the general public only and not by the ministers, politicians, MLA, MP, chairman, president or board of directors of that authority as they are always cheaply sold in the hand of rich people and corporate and become corrupt and said laws and rules are used against the innocent poor and middle class people. SEBI and BSE are totally Anti-Investors and corrupt in every respect. The President, the Executive Director, the Governing Board, the Investor Services Dept, the Secretary to the Arbitration, the whole Arbitration Penal and whole Organization of BSE are totally corrupt, irresponsible, careless and inefficient. SEBI and BSE are set up to save and protect only the criminal and fraud trading members at the cost of innocent investors. SEBI and BSE are allowing the criminal brokers like JHP Securities Pvt. Ltd (Clearing Number 295) to carry on all their illegal, criminal, fraudulent and unfair activities through their Associate Concerns (Superior Financial Consultancy Services Pvt. Ltd and Mr. Prashant Patel-NSE Broker and younger brother of Mr. Pankaj Patel), Managing Director (Mr. Pankaj Patel), registered and unregistered Sub-brokers (Nasdaq Securities and Nasdaq Financial Consultants) and Employee (Mr. Nipesh Patel) to harass, exploit and ruin the investors. The charges against these fraud brokers are (1) Claims (2) harassment (3) exploitation (4) manipulation and misappropriation of accounts of the Applicants (5) fraud, forgery and cheating (6) totally liars on each of their sentence and statement (7) irregularities in each and every matter (8) violation of SEBI rules and BSE byelaws on each matter on every occasion such as void and invalid Common Individual Client Registration & Application Form by JHP and Mr. Prashant J Patel, void and invalid client agreement, not entered into bipartite or tripartite agreement between the applicants, Nasdaq Securities and JHP Securities Pvt. Ltd.., no Individual Client Registration at the time Nasdaq Securities became their sub broker officially and at the time JHP advised Nasdaq Securities to issue bogus and fictitious bills from Nasdaq Financial Consultants, JHP providing Margin Trading facility in B2 group and penny stocks from their associate concern and managing director, transferring money and shares from one a/c to another a/c of different clients, installing bolts to unregistered sub-brokers, installing bolts to the firm before more than 1 year of making this firm their sub broker, forcing sub broker (Nasdaq Securities) to issue bogus and fictitious bills to the applicants and other clients from Nasdaq Financial Consultants (associate concern of Nasdaq Securities), JHP Securities Pvt. Ltd used Superior Financial Consultancy Pvt. Ltd., Mr. Prashant Patel, Nasdaq Securities, Nasdaq Financial Consultants, Mr. Pankaj Patel, Mr. Nipesh Patel, Mr. Devang Kapasi and Mr. Dushyant Mehta to carry on all illegal, criminal, fraudulent and unfair trade practices to ruin the applicants, JHP charged Additional Brokerage in the name of Additional Interest and Additional Charges through their Managing Director for NON CHURNING of account of the Applicants, Mr. Pankaj Patel the Managing Director of JHP and other accused managed the Judge of Session Court and took Bails by stating false information in their false, fabricated, baseless and full of lies Bail Applications, the information given in the said Bail Applications and the written statements given to BSE Arbitration are very different, JHP allowed the Sub-broker to insert Bogus Bank Entries and Bogus Interest Entries in the accounts of the applicants in the books of its associate concern Nasdaq Financial Consultants, JHP was issuing regularly Margin Coverage Position to Applicants but JHP was providing finance in B2 group and penny stock from their associate concern Superior and from their managing director Mr. Pankaj Patel, JHP Securities Pvt. Ltd was getting transfer of shares and money in their own way without the knowledge of the applicants from the accounts of the applicants in the books of Nasdaq Financial Consultants (unregistered broker of JHP), JHP allowed their sub broker to issue bogus and fictitious bills bearing bogus SEBI registration number even after SEBI banned bills of sub brokers from 1/4/2005, Mr. Pankaj Patel the managing director of JHP can not enter into any Financial Agreement with the applicant, Mr. Pankaj Patel the managing director of JHP misused the Power of Attorney, without power of attorney JHP transferred shares and money of the applicants from the accounts of applicants to JHP’s associate concern Superior without the knowledge of the Applicants, JHP transferred money and shares of the applicants direct to bank and demat accounts of Superior without the knowledge of the applicants and without power of attorney, JHP collected KYC Form and written statements fraudulently from the applicants by deceiving them as there was no need to do so when Common Individual Client Registration Application Form JHP and Mr. Prashant Patel filled up from the applicants, JHP purposely and intentionally did not follow the instructions given in the Common Individual Client Registration Application Forms to allow Mr. Pankaj Patel (the managing director of JHP) and Mr. Nipesh Patel (one of the employees and signatories in JHP) to make fraud, cheating and forgery. The accused or the respondents have harassed and exploited the applicants beyond one imagination. All the proofs, evidences and relevant documents are given to the arbitrators, the secretary of arbitration, the president, vice president, executive director, the chief officer of the governing board of BSE and the chairman, directors and head of MIRS Dept of SEBI. The complaints, applications, letters and rejoinders of the applicants are full of facts only. If Muslim or Islamic Law was in force in India, these corrupt Arbitrators and fraud, cheater and criminal Respondents would have been killed immediately. But in India the corrupt people save and protect the criminals. The rules and regulations of SEBI and rules, regulations and byelaws of BSE are totally corrupt, defective, faulty, and lacking in every sense. The Arbitration of BSE is used by BSE and SEBI to save and protect criminal, fraud and cheater brokers. The Arbitrators of the BSE are mostly sold in the hand of the member brokers of the BSE through their advocates. There is a connection and conspiracy between the arbitrators, member brokers, their advocates, the secretary of arbitration, the Executive Director, the President, and the Governing Board of BSE to pass the Award in favour of the Brokers only. The facts and evidences of the investors are ignored by the Arbitrators and false stories are created to make it fit to the byelaws of BSE and the reference is rejected or dismissed as it has happened in the Applications Ref No.5, 6 and 27 of 2008 to the Arbitration of BSE. SEBI and BSE are the killers of the Investors in real sense. SEBI and BSE have so far not taken any actions against these criminal brokers since last more than one year but allowed these criminal brokers to carry on their activities. These said brokers should be expelled immediately from the market permanently.
All the Government policies should be based on Distribution of money and wealth. The rates or the prices of flats, properties and real estate should be reduced by 50% at least and the government should take all the corrective steps. The people in metro cities are leaving due to artificially created very high rates and prices of real estate and ever increasing standard of living in metro cities in India. FDI in real estate should be banned as it is very harmful for the poor and middle class people.
It is a matter of great shame that we all the time talk of high Economic Growth Rate only but in India we should always talk of destroying ever increasing high growth rate of Harassment, Exploitation, Corruption, Crimes, Anti-National and Terrorist Activities and breaking of unity of the people on the basis of language, caste and religion by the politicians and ministers. The real ever-increasing economic growth is discouraged by the rich people, corporate, politicians, ministers, government employees, police, judges of the courts, media, criminals, mafias, anti-national elements and terrorists through harassment, exploitation, corruption, breaking unity of the people, dirty and cheap government policies. There is a syndicate of rich people, corporate, criminals, mafia, media, politicians, ministers, police, judges, anti-national elements, government employees and terrorists through passing on money and by spreading corruption, terror, fear and vices in the society. They make the laws, rules, regulations, procedures and formalities corrupt. All these people harass and exploit the poor and middle class people. Only they are accumulating money from poor and middle class people by harassing and exploiting them. Rich people and Corporate are spreading corruption and vices widely in the society. The people of India should boycott the products of the companies sponsoring TV serials, TV programs and TV news as they are the most vicious, created, dirty and deteriorating the whole society. Stop watching TV serial, TV program and TV news. In India the media specially TV Channels are the most dirtiest, mean, cheap and vicious element of the society misguiding the country, spreading vices in the society and destroying the society. They are sold in the hands of Congress Party and the TV channels are Anti National and Anti Hindu. The people of India is required to pass a law in the Public Parliament that in the matter of harassment, exploitation, corruption, irresponsibility, carelessness, inefficiency, terrorist, criminal and anti-national activities the people of India will take law in hand and kill these people immediately along with their all family members without any mercy or sympathy and seize their all money & properties to abolish all the vices from the society. In this matter if the Police interfere, they also should be given the like punishment. This should be the law to save and protect India, next generation and poor and middle class people. Poor and middle class people are made only slave and they have been made always the victim of injustices. For the real economic and social prosperity the said law should be accepted by the people of India. This is the only solution to abolish harassment, exploitation, corruption and injustice from the society. All the politicians should be killed immediately along with all their family members who are engaged in dividing the public and the country on the basis of caste, language and religion. All the present laws require changes and reforms. All the terrorists, anti-national elements and ISI agents should be killed within 7 days only by the military and police and no mercy and sympathy for them. India should not keep any relation with Pakistan as they are not at all reliable for a moment.
In the matter of recent Bomb Blasts, Smt. Sushma Swaraj of BJP and the articles of many News Papers reveal the most dangerous facts that a political party and terrorist groups have connections and all the Bomb Blasts in BJP ruled State Governments were happened on the direction of that political party only. Now the people of India believe that all the Bomb Blasts so far happened in India were happened only on the direction of said political Party to divert the attention of the public from the most burning issues and to destabilize the country and the state. Who or which group of terrorists is involved in the bomb blast is not important but on whose direction bomb blast is carried on and who is involved is required to find.
To make India most prosperous and super power country, concentrate on achieving very high growth rate of Agriculture Sector and growing commercial, medicinal, fruit and vegetable trees on vast scale. Change the education system totally and make it practical. Free technical, agriculture, computer and yoga education to poor and middle class students should be given from 5th standard. All the doors of economy, business, industry and services should be made open for poor and middle class people only and all facilities and 100% finance should be provided for their any venture. All the efforts should be made to increase the standard of living of the poor and middle class people. New huge sources of income should be created and generated for them.
All the people of India is required to keep in mind that all the people who are paid by the government or who hold any position in the government or government department or government organization are only PUBLIC SERVANT. Even the President, the Prime Minister and the Chief Justice of India are PUBLIC SERVANTS only. The people of India are the supreme and therefore the people of India have to be very hard and strict to make all these public servants most efficient, responsible, accountable and answerable so that they can not become corrupt. Almost all the public servants in India are corrupt, inefficient, irresponsible and careless and therefore poor and middle class people are being harassed and exploited and they become the victim of injustice every moment and therefore they are the most sufferers in the society. There is a need of total revolution which should begin from this moment.
Thanking you,
Hiten Shah
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