Allied Digital Services Ltd has informed that a meeting of the Board of Directors of the Company will be held on March 11, 2008, inter alia, to consider the following:

1. To review and consider enhancing the borrowing limit of the Company pursuant to Section 293(1)(d) of the Companies Act, 1956 from the existing limit of Rs 100 Crores.

2. To consider funds raising options by way of issue of Equity Shares / Warrants and / or any instrument convertible into Equity Shares, Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / FCCBs pursuant to Section 81(1)(A) of the Companies Act 1956.

3. To consider convening an Extra ordinary General Meeting of the Shareholders.
[Via]

The Indian rupee slipped  its lowest points since the last two weeks on Wednesday. Some Asian Currencies also slipped same as rupee, against dollar.

Partially exchangeable rupee was 39.85/86 on Monday’s close while it was 39.86 for each Dollar at 9:40 on Wednesday. Indian Markets were closed on October 2, 2007 for National holiday. Previous week Indian rupee increased till 39.62 to touch a new peak of success first time after April 1998.

Investors said they will analysis of Share Market to find direction of  Indian Rupee. Direction of rupee depends on investment. Investment Flows has increased over than 11% current financial year. The Stock Market Index made new records in last some trading days. Foreigners bought more than 3.6 billion dollar during the last some trading days of September by the sources, after a cut in interest rates of American Bank.

Data shows that in the first seventh months of financial year 2007 the Central Bank spent 38.1 billion dollar to test the rupee therefore traders are alert about provoking the central bank.  

The term of the “Penny stock” is commonly passed on to less than $5 price, very small companies has gives approximate security. Pink sheets or OTC Bulletin Board as such on like Penny stock they also start trade over the counters, and they trade also in security exchanges, they also exchange foreign securities. Extra feature are the Penny stock has starts the security of private companies and no action in trading market.

The SEC rules has need firm to agree first the client for the transaction and receive written agreement to the client for the transaction. The firm has gives the document to the customer and explain in it about risks of investing in penny stock, they are also telling the present condition of market Quotation and if any compensation received this will be taken by its brokers and firm for the trade. They are sent monthly statement to the customer those have any account in Penny stock and telling about market situation.

We can’t tell you market situation because this is impossible market is up and down therefore you receive quotation. To know more detail you will read penny stock rule sections through Broker and Dealer Registration Guide. And you will visit on http://www.sec.gov/answers/penny.htm

Rule 2: Don’t buy inactive shares

Active shares are those in which transactions take place every day, or almost every day, on the stock exchange. At the other extreme are shares in which transactions take place rarely, if ever. The latter are called inactive shares. In this book, an inactive share has been defined as one which is transacted less than two times a month, or not at all.

The main reason why shares are inactive is because there are no buyers for them. They are mostly shares of companies which are not doing well and whose future prospects appear to be dim. Naturally, nobody wants to buy their shares. As a result, existing shareholders of these companies find it difficult to get rid o their shares, even at very low prices. And, if nobody wants to buy these shares, why should you? Whey should you allow yourself to get such with an investment, which you can’t offload at will, whenever you want to? We wooed strongly advise you to avoid investing in inactive shares.

How does one find out whether a particular share is inactive or not? The simplest way is to regularly scrutinize the stock market quotations which appear in the daily newspapers. If you find that a particular share has not been quoted for a long time, you can presume it is inactive. Some newspapers, like The Financial Express not only indicate the last quoted price of each share, but also the date when it was last transacted. This information fan helps you to confirm whether a particular share is inactive.

Inactive shares can generally be bought at very low prices. This is obvious since such shares generally find no buyers. Inexperienced investors looking for bargains are often attracted to such shares by virtue of their low prices. This is how beginners are normally trapped into making disastrous investments. Beware of such bargains! If you come across a bargain, remember there has to be a catch in it somewhere. It is better to hunt for value, and pay a fair price for it, than to look for such apparent bargains.

Every time you buy a share, you must remember that one day you will want to sell it. If you think you are likely to face difficulty in selling it- don’t buy it! This is a sound investment principle which you should never lose sight of, no matter how cheap or attractive a particular investment may appear to be. Never allow yourself to get caught with illiquid shares. They are only pieces of paper without any value. Shares have value only when they are readily excisable.

Of course, it is possible that a share witch is inactive today could become active tomorrow; just as a share which is active today could become inactive tomorrow. It all depends upon the degree of buying interest in a particular share. If buying interest builds up in a share, it can easily move from the inactive to the active category.