Participatory Notes -- or P-Notes or PNs -- are instruments issued by registered foreign institutional investors to overseas investors, who wish to invest in the Indian stock markets without registering themselves with the market regulator, the Securities and Exchange Board of India." Quote.
Even mafias from cclee and elements like D co. can come and pee on our bourses ?
Through these p notes ?
Sa Re Ga Ma Pa ??????
Even it could be our raajkaarani logon ka dirt money !!!!!!!!!!!!!
RE:Even D company can participate ?
by santosh satpathy on Oct 19, 2007 08:29 PM Permalink
pls leave conspiracy theory for bollywood plot lines.its not just india who gets money through PN.Most Asian markets are soaring with liquidity by FII money through.More over wats india gets is a pittance comapare to Chinese or hong kong markets.Dont get swayed by political statement which are made to score political points.its stupid to believe D company would come to stock market to make money ,when they hav far more efficent ways to do the same.
To: Editorial board and web page managers of rediff.com Please either remove or atleast place it in a corner the IBM advertise on your web site. Please tell IBM that this type of annoying advertise will not help you in increasing your sell. It only creates disliking for your company and increases hatredness for your products
RE:IBM advertisement is big headache
by Prakash Desai on Oct 20, 2007 03:29 AM Permalink
Thank you very much for listening seriously to your loyal readers, customers and members
RE:RE:IBM advertisement is big headache
by keshav totla on Oct 19, 2007 11:38 AM Permalink
True...From last three four days all the articles of rediff is bearing this advt. which is obstructing the writeup....they should immediately remove/rectify this.....
RE:IBM advertisement is big headache
by Puneet Gupta on Oct 19, 2007 11:48 AM Permalink
do these rediff guys check the quality and look of page before uploading it.. since rediff knows anyway ppl will read it and takes readers for granted..
By issuing this statement by SEBI, who is richer now ? The FM and other know so called political leaders.
If SEBI wanted to file. It should kept it secret. It made a Hallla so that market should crash.. so opportunity for buying than comes FM and give his statement helping markets to recover.
In a time of 30 min > Poor Retail Investors have lost their wealth and some one has earned crores of money in this pocket.
RE:Guess what!
by Anurag Banerjee on Oct 19, 2007 05:02 PM Permalink
Its much more easily done by shorting the stocks !! Now wonder the comment shows how much you know about stock market.
BTW: if the GovT pension funds knew it, they would have wiped out their entire deficits.
Insider trading was done rampantly by SEBI / FM officials who had prior information that the P Notes issue will be put up on tuesday evening. This information was also leaked to several Big time FIIs who did profit booking and created Shorts on Tuesday. Tuesday was the first day in last 2 months when FIIS booked profit and sold stocks just before the P Notes issue was put out to the media . Only the common investor suffered the big FIIS /SEBI and FM officials all made money courtsey SEBI and FM. Generally most of the major stock market crashes in the last 2 years have been linked to statements made by FM , he makes a statement and the next days he retracks on the same. Statement on Cement pricing, P Notes etc. THE FM /SEBI Officals guys are bigger manipulators then Harshad mehta, Ketan Parekh
RE:Insider trading was done rampantly by SEBI / FM officials
by MumbaiChhokra on Oct 18, 2007 05:57 PM Permalink
You said it..very well articulated.It's only the small invesotrs like us who suffers because of this.FM must have earned millions by leaking this news and all knows that.
RE:Insider trading was done rampantly by SEBI / FM officials
by saravanan manivel on Oct 18, 2007 06:55 PM Permalink
I totally agree with you. We cannot expect something else from a Politician . He is there to make money....small time investors are the scape goats. Another example would be taxing the salaried class as they are helpless.
RE:Insider trading was done rampantly by SEBI / FM officials
by Puneet Gupta on Oct 19, 2007 11:46 AM Permalink
how i wish.. some of the politicians would have killed in 13 dec attacks.. dharti par se bhoj kam ho..
Insider trading was done rampantly by SEBI / FM officials who had prior information that the P Notes issue will be put up on tuesday evening. This information was also leaked to several Big time FIIs who did profit booking and created Shorts on Tuesday. Tuesday was the first day in last 2 months when FIIS booked profit and sold stocks just before the P Notes issue was put out to the media . Only the common investor suffered the big FIIS /SEBI and FM officials all made money courtsey SEBI and FM. Generally most of the major stock market crashes in the last 2 years have been linked to statements made by FM , he makes a statement and the next days he retracks on the same. Statement on Cement pricing, P Notes etc. THE FM /SEBI Officals guys are bigger manipulators then Harshad mehta, Ketan Parekh
RE:Insider trading was done rampantly by SEBI / FM officials
by indresh uniyal on Oct 18, 2007 04:20 PM Permalink
Sir, I m fully agree with u this FM is biggest cheater. He is robbing the retail inverstor. Either Krvey and Indiabulls mulitple demat ac episode, cement pricing and now PN episode. This FM making biggest ever finanicial sacams.
RE:Insider trading was done rampantly by SEBI / FM officials
by abcd xyz on Oct 19, 2007 05:48 AM Permalink
i m fully agreed with you, even FM's daughter is earning lots of money, FM is robbing really he do everything with connection of big institution who manage fund to invest in market..jago india jago...it is open robbery of investors...
Though i understand little about P-Notes.Still I believe that this huge money may reach to the Extremist for carry out their operation.Is it safe? I will appreaciate any knowledgeable information.
RE:P---NOTES
by sameerbhaga on Oct 18, 2007 04:44 PM Permalink
I too understand pretty little and hence ask more informed readers as to 'Can this method be used by a Bin Laden's sympathizer through a FII say from Dubai
RE:P---NOTES
by Abhay T on Oct 18, 2007 05:35 PM Permalink
I think this is less from most developed countries like US, UK. This is because you have to declare a lot to your bank and govt departments about your earnings. So, it is not like a cash unrecorded funds. Everything is registered and if govt departments smell even a small thing they can access all necessary information about those people. The only thing is these people are not directly registered through SEBI.
RE:RE:P---NOTES
by Abhay T on Oct 18, 2007 05:38 PM Permalink
I mean it is less likely to happen from most of the western countries like US and UK as their regulations are very strong since 911 episode. But, I'm not sure about regulation in other countries. So, in theory, yes. It is possible from some rogue state!
RE:P---NOTES
by yajuvender chauhan on Oct 18, 2007 10:32 PM Permalink
PN are the best routes for money laundering & they are the safest bet for extremists. People replying above has forgot to take the one fact into account that PN offers the best commission income to FII's so their regulatory norms for PN holder are not stringent enough. Considering this fact Sebi announced KYC (know your client) norms for FII's yet no concrete control has been achieved. One other area where KYC was defeated is the fact the PN are negotiable instruments so even if they were acquired by clean person at the first hand they can still go to wrong hands via transfer!!!
RE:P---NOTES
by Vinayak Deshpande on Oct 19, 2007 04:50 PM Permalink
simplest misuse could be i (as a company) buy my own shares to inflate the cost and show high valuation - Using PN route as I can never be traced. Then sell these when on high to again earn and show that income as some excess income to again better the balance sheet - to further inflate.
RE:P---NOTES
by abhijit singh on Oct 18, 2007 01:50 PM Permalink
pn is not cash it is way of investment in any market without involving directly .and no way this money can go to any extremist orgnisation .it work like suppose u are frm usa and u wannna to invest in tata steel but ur not registered with sebi then u can invest through pn by indirect way coz in this case ur not require to take any permission ur investing in some us cfinancial compny which will issue pn on the basis of ur investment . so i hope now ur doubt is clear.
RE:Are FII avoiding Government Taxes when they invest thru P-Notes?
by yajuvender chauhan on Oct 18, 2007 10:34 PM Permalink
No, they are still liable to pay STT.
all major investment/Puchases are under the scrunity of IT&other such agencies.why not the funds amassed by FII when being invested in india,source and the persons,their entry and exit,etc.why govt favour for them of coming and going and the worth.
I am not aware of the complexities thta hese PN notes might have along with the hedge funds in themarket. But I am sure Indian stock market beig still in an experimental stage of its maturity-has sufficient loop holes to be exploited by these FIIs. If a mature market like that of the US could be manipulated forthe wizkids arm twisting of Indian financial set up is nothing hsort of child-play. Remember how the SE nations were brought down by these very FIIs when the going got tough for them-just a decade earlier. An overexposure could sure land India in a similar soup, no matter how strong you are. There are limits even for the toughest and even an elephant cannot bear the brunt all the time. Its time we are on the watch NOW.
