TMI BlogMANNER OF DEALING WITH UNCLAIMED SHARES [See Regulation 39(4)]X X X X Extracts X X X X X X X X Extracts X X X X ..... gent. B. Reminders to be sent (1) The listed entity shall send at least three reminders at the address as mentioned below: (a) For shares in physical form, reminders shall be sent to the address given in the application form as well as last available address as per listed entity s record. (b) For shares in demat form, reminders shall be sent to the address captured in depository s da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (4) The demat suspense account or unclaimed suspense account, as applicable shall be held by the listed entity purely on behalf of the allottees who are entitled to the shares and the shares held in such suspense account shall not be transferred in any manner whatsoever except for the purpose of allotting the shares to the allottee as and when he/she approaches the listed entity. Provided t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... res (1) Any corporate benefits in terms of securities accruing on such shares viz. bonus shares, split etc., shall also be credited to such demat suspense account or unclaimed suspense account, as applicable for a period of seven years and thereafter shall be transferred by the listed entity in accordance with provisions of Section 124(5) read with Section 124 (6) of the Companies Act, 2013 an ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
