"Is Our Judiciary Delivering On It's Role As a Sentinel"
Justice M N Venkatachaliah on 19 Dec.;
Our Efforts to Keep You financially Safe
Dear Moneylifers,
We are only two weeks away from our 3rd Annual RTI Lecture with former Chief Justice M N Venkatachaliah on December 19 and we hope that you would all be present for this momentous occasion. As this is an online event, we hope it will allow all of you to join us over the Zoom call or watch it live on our YouTube/Facebook channels.
We are also excited to let you know that former Supreme Court Judge, Justice A K Sikri and Advocate Indira Jaising, India's first woman Additional Solicitor General will share their thoughts on the topic following Justice Venkatachaliah's lecture. Our trustee and former Chief Election Commissioner T S Krishnamurthy will preside over the session. So do note the details of the webinar given below, mark your calendars and join us as we bring a most unusual calendar year to a close.
Justice Venkatachaliah and former Chief Election Commissioner T S Krishnamurthy will preside over the session.
Invitation link: https://zoom.us/j/97943435645?pwd=SFVDeFlkODNJa0VyWWYwUjdXM1dXUT09
Meeting ID: 979 4343 5645
Passcode: MLF@RTI3rd
On a humbling note, rather than us honoring the healthcare community for their courageous work during the covid pandemic, Moneylife Foundation has been honored by an Award of Appreciation from Balasaheb Thackeray Trauma Care Municipal Hospital.

Broker Defaults
Many of you have been following our work to help investors of Anugrah Share Broking Ltd. Well, this week both Anugrah and Karvy Stock Brokers – a large firm that was suspended a year ago have been declared defaulters and expelled. Some investors have woken up to issues recently; others are traumatized by the complex processes involved in claiming their dues. Most of you have to fill up fresh forms to claim what you can from the Investor Protection Fund of stock exchanges. Many of you may have to join the joint litigation that has already been filed by some investors. Moneylife Foundation is doing its best to help, however we expect some homework from people seeking help. First, become a member of Moneylife Foundation so that you get regular updates on action taken. It is FREE. Also join our WhatsApp group/ Telegram groups, so that you are informed when we organize quick focused discussions at very short notice, like we did this week. It is all for your benefit. If you are fortunate not to be affected, you may know others who need help, so forward them the idea of joining the foundation for timely help.
Also do watch our videos. It is heart breaking to hear of senior citizens losing money to dubious investments where there is no recourse, after the money is gone. These include people who invested in illiquid AT1 and AT2 bonds, those who keep their money in shaky cooperative banks although one bank has failed every month. Prevention is better than cure. So do follow our emails and updates. Now here's what we have been doing on Karvy and Anugrah.

Karvy on Telegram
Since the Anugrah Telegram group was a big help for investors to take informed decisions to recover their investments, we created a similar group for Karvy as well. Karvy Stock Brokers was declared a defaulter last week. So you can read more on that here. If you are affected, you can join the Telegram group here.
If you have still not joined the Anugrah group and are an investor, you may want to join here.
We also organized a quick and very incisive talk by Advocate Ravi Hegde on "What are Investors' Options After NSE declared Anugrah and Karvy Stock Brokers as Defaulters." He has done a terrific job of helping Anugrah investors get path breaking results with their petition in the Bombay High Court. You can watch the video here.
We had another equally important talk with Nitin Ambure, Vice President (Operations) at Central Depository Services Limited (CDSL) and Farokh Patel who heads CDSL compliance on 2nd December. You can watch it here. We would like to thank the CDSL for graciously accepting our request and for the very focused and clear guidance provided by Mr Ambure and Mr Patel. We are hoping that such timely webinars will provide answers to troubled investors, and allow them to make a quick, informed decision in order to recover their investments.

Sahara On Telegram
Our Telegram group on Sahara has considerably grown in numbers with now 737 members. This happened when some investors actually got their money back. The number of investors who got refunds is tiny, but it is a huge beginning. In fact the number of members have shot up after payments started. You can read more about the issue here and also watch our coverage on the same here. We have been assured that more payments will be released soon, we keep our fingers crossed.

Forthcoming Webinars
"Technology & RTI: Learn How One Can Enhance the Other" with Rahul Singh, State Information Commissioner, Madhya Pradesh
Details will be shared really soon. So stay tuned to get updates!!
Is Our Judiciary Delivering on its Role as Sentinel on the Qui Vive in these Changing Times?with Justice MN Venkatachaliah, former Chief Justice of India
Saturday, 19 December 2020
Invitation link: https://zoom.us/j/97943435645?pwd=SFVDeFlkODNJa0VyWWYwUjdXM1dXUT09
Meeting ID: 979 4343 5645
Passcode: MLF@RTI3rd
Please follow our newsletters and social media channels for some exciting discussions and events planned in the coming days, which may be announced at short notice. As always, we look forward to your active feedback on issues that you would like us to discuss, and we will do our best to make it happen. Please do write to us at [email protected]

Programmes in October
This month we had the pleasure of having Mumbai's retired Assistant Commissioner of Police (ACP) Vilas Tupe on a special webinar, alongside Dolphy D'Souza of the Mumbai Commonwealth Human Rights Initiative, to discuss Mr Tupe's new book entitled Detection of Crime. In the format of an informal chat, the session revealed the method of detection in some of Mr Tupe's high profile criminal cases. You can read more about the session and also watch the entire video recording that is now available on our YouTube channel.
In another session, renowned politician, economist and Padma Bhushan awardee, Arun Shourie was joined by Dr Bibek Debroy, chairman of the PM's Economic Advisory Council, for a discussion on Mr Shourie's new book entitled Preparing for Death. Although the session was marred by a few technical hiccups, as Mr Shourie suffered internet service outages, it was well attended by over 150 people and was also viewed live on our YouTube and Facebook channels. If you missed this important session, you can read more about it here and also watch a video recording of the session on our YouTube Channel.
With the recent NSE decclaring Karvy Stock broking firm as another defaulter after Anugrah, we felt there was a need to discuss the options and avenues available to investors who wanted to recover their investments. Thankfully Advocate Ravi Hegde readily agreed to address such investors in a webinar on a very short notice. The session was attended by 490 participants on Zoom and had over 200 viewers watching it live on YouTube. A video recording of the session is available on our YouTube Channel. So check it out.

Moneylife TV & Helplines
With the outbreak of covid-19, our physical events and daily clinics for this month have been suspended for the safety and benefit of all those involved. However, in this lockdown period you can still take advantage of our numerous videos of past seminars and workshops which are always available on our YouTube Channel Moneylife TV and Moneylife News Bites.
Although counselling on various issues from our experts is not possible in-person, you are welcome to email on [email protected] with your details. We shall forward your mail to the expert for guidance and do our best to get your query resolved.
You also have the option of posting your query on either our Legal Helpline or Credit Helpline.
Also, Moneylife Foundation is now on Telegram and Instagram, so do follow us on these channels to stay updated on our activities and events.
Best regards,
Sucheta Dalal
Founder-Trustee, Moneylife Foundation
Trustees: TS Krishnamurthy, Dr KC Chakrabarty, Walter Vieira, Sucheta Dalal, Debashis Basu.
Moneylife Foundation is registered with the Charity Commissioner of Mumbai, is an Affiliate member of OECD's International Network on Financial Education, is a Supporter Member of Consumers International, Development Partner of Advocates for International Development (A4ID), and is a winner of the 10th MR Pai Memorial Award.
Donations are eligible for tax benefits under Sec 80G of the Income Tax 1961 (50% tax exemption) and MLF is registered under the Foreign Contribution (Regulation) Act, 2010.

80(G) Reg No: DIT(E)/MC/80G/685/2010-11 dated 7.2.11 effective 8.+9.2010 | FCRA Registration No: 08378138