District Legal Seminar : Family Disputes on Succession of Properties & Will

A Legal Seminar Family Disputes on Succession of Properties & Will was organized by the District Team led by Chief Group Avenue Head Rtn.Virendra Widge and Avenue Chair Rtn.Ashok Shetty (Convener) at Rotary  Service Centre, Juhu on Saturday, 5^th January, 2019.  Rotary Club of Bombay West were the Lead Host Club of this district event.

Keynote Guest Speakers CA Akshay Shah and Adv Vipul Shah – both considered to the expert on the subject with warehouse of practical knowledge – made brilliant presentations to the 100+ participants, mainly from the neighborhood community and members of various Rotary Clubs from District 3141.  The  lucid and well-structured talk on a very complicated though important subject which impacts every individual in the society was suitably appreciated by the audience. This was followed by a very active Q&A Session where several queries were posed by the participants to the experts on the dais.  

The Q&A Session was moderated by Adv Rtn.Hiralal Suthar, member of Rotary Club of Bombay West, who also summarized the learnings and gave his closing remarks.  Handouts on key provisions related to a Will, Useful tips on preparation of a Will and highlights of Hindu Succession Act, 1956 were distributed to the participants as takeaways.

Rtn.Ashok Shetty thanked both the Guest Speakers for sharing their knowledge with the audience and hoped that the free advice rendered by them would be followed and derive benefits from it.  He also thanked the 8 (eight) co-host Clubs viz. Rotary Club of Bombay, Bombay Airport, Bandra, Bandra BKC, Mumbai Juhu, Greencity, Parleshwar & Iconic for supporting the event.  Certificates of Appreciation were handed over to the representatives from these co-host Clubs by Rtn.Virendra Widge.

Earlier, Rtn.Anand Gupta, President – Rotary Club of Bombay West welcomed the gathering.  PP Rtn.Aslam Merchant for Bombay West proposed a formal vote of thanks.

The awesome feedback received from the participants post the Seminar was indeed encouraging.

-          Report by Rtn.Aslam Merchant, RC of Bombay West

Achieving Success in Stock Market Is Simple – Shri Ramesh Damani

Rotary Club of Bombay West was delighted to have Shri Ramesh Damani, the Ace Investor and Member of BSE, as a Guest Speaker at its Meeting held on Wednesday, 2^nd January, 2019.

In his presentation 20/20 Looking Back, Looking Forward made to a jam-packed hall at Rotary Service Centre, Juhu, Shri Damani stressed on starting early the journey of investment in Stock Markets.  The compounding effect for those who start early is huge as compared to those who decide to splurge their income when they are young and start investments much later in their career.  During the decades since he started investing in Indian Stock Markets in 1984, so many unsolicited events, scandals, disasters have occurred leading to markets crashing - like the assassination of Prime Ministers, Communal Riots, Bomb Blasts, War, Tech Meltdown, Tsunami, Demonetisation, GST to name a few.  To quote Shri Damani, “India Grows at Night”.  Despite all this, the index has seen steady rise over this period giving a decent Y-o-Y returns to the Investors like no other investment product.  India growth story is intact and he was bullish on the long term prospects.  According to him, Indian markets offer greater opportunities to the investors in the next 20-25 years as compared to the last 20-25 years.

Becoming rich through Stock Market Investments is Simple.  All one needs to do is, as mentioned earlier, start early,  identify businesses which will do well over the next decade and beyond and spot for specific stocks within that space.  Ofcourse, he added that it requires a lot of hard work to do your own research and pick the winners.

Some of the potential winners in coming years would come from stocks in Liquor, Tobacco, Gaming, Real Estate, Clean Energy, Quick Service Restaurants, Airlines, Tech NBFCs, Logistics, Entertainment & Content and Algorithms, AI, Robots, Data, Curators.  While the potential losers would belong to Auto, Auto Ancillary, Auto Insurance, Refining, Textiles, Conventional Banking, Pharma and Heavy Labour Industries.

His final advise was stay invested for longer term. The Presentation ended with a quote - “Financial winners don’t run sprints, they run marathons. They don’t rush.  They do step by step over time.”

-          Report by Rtn.Aslam Merchant