TMI BlogAmendments to the Equity Listing AgreementX X X X Extracts X X X X X X X X Extracts X X X X ..... aimed shares Insertion of clause 5A It has been brought to the notice of the Board that there is a large quantum of shares issued pursuant to the public issues, which remain unclaimed despite the best efforts of the Registrar to Issue or Issuers and that there is no uniform practice for dealing with such shares. It has been decided to provide a uniform procedure for dealing with unclaimed shares i.e., shares which could not be allotted to the rightful shareholder due to insufficient/incorrect information or any other reason. Accordingly, the new Clause 5A is to be inserted, which, inter alia, provides the following: (a) The unclaimed shares shall be credited to a demat suspense account opened by the issuer with one of the depository participants. (b) Any corporate benefit in terms of securities, accruing on unclaimed shares such as bonus shares, split etc., shall also be credited to such account. (c) Details of shareholding of each individual allottee whose shares have been credited to such suspense account shall be properly maintained by the issuer. (d) The allottee s account shall be credited as and when he/she approaches the issuer, after undertaking the pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agrees to comply with the following procedure: (a) The registrar to the issue shall send at least three reminders at the address given in the application form as well as captured in depository s database asking for the correct particulars. If no response is received, the unclaimed shares shall be credited to a demat suspense account with one of the Depository Participants, opened by the issuer for this purpose. (b) 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. (c) The issuer shall maintain details of shareholding of each individual allottee whose shares are credited to such suspense account. (d) As and when the allottee approaches the issuer, the issuer shall credit the shares lying in the suspense account to the demat account of the allottee to the extent of the allottee s entitlement after proper verification of the identity of the allottee. (e) The suspense account shall be held by the issuer purely on behalf of the allottees who are entitled for the shares and the shares held in such suspense account shall not be transferred in any manner whatsoever exce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tted. (b) In sub-clause (d), the words at least 7 days appearing after give prior notice and before to the stock exchanges shall be substituted by at least 2 working days . 4. After clause 20, the following clause shall be inserted, namely:- 20A The Issuer agrees to declare and disclose the dividend on per share basis only. 5. In clause 35: (a) In the opening paragraph, after the words to file the following details and before the words with the exchange , the words separately, for each class of equity shares/ security shall be inserted; (b) In item (I)(a), in the table containing Statement showing Shareholding Pattern , in the second row, after the words Scrip code the words, Name of the scrip, class of security shall be inserted; (c) After item (II)(b), the following item shall be inserted, namely:- (III)(a) Statement showing the voting pattern of shareholders, if more than one class of shares/securities is issued by the issuer. (Give description of voting rights for each class of security. Class X : Class Y: Class Z:) Category Code Category of shareholder Number of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (c) Institutions (d) Any Other (specify) Sub-Total (A)(2) Total Shareholding of Promoter and Promoter Group (A)= (A)(1)+(A)(2) (B) Public shareholding (1) Institutions (a) Mutual Funds/UTI ..... X X X X Extracts X X X X X X X X Extracts X X X X
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