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Corporate Office :
Elder House
C-9, Dalia Industrial Estate,
Off Veera Desai Road , Andheri (W),
Mumbai 400 053.
INDIA |
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Contact :
Tel : +91-22-2673 0058 - 67
Fax : +91-22-2673 0051
E-mail : eldercorporate@elderindia.com |
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| Home /
Investor Relation / Share Information |
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| Share Information |
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1. What is the procedure for the transfer of shares?
2. I have forgotten to get the shares transferred after I had purchased. In such cases, what procedure I should follow :
3. How do I get my shares transferred/transmitted in case of death of joint holder.
4. What is the procedure in case of death of the single holder in the certificate and has also not created any will.
5. What are the procedures to be complied with in case of misplacement/ loss of share certificate :
6. In case of change of address, what procedure I should follows.
DEMATERIALISATION OF SHARES:
7. What are the benefits available to me in case I desire to demat my shares.
8. What is the procedure for opening and operating of account in case of Demat.
1. What is the procedure for the transfer of shares?
You will have to send the Share certificates alongwith Share Transfer deed duly executed and signed and after affixing requisite stamp duty on the transfer deed which is at present is 0.25% of the value shown as consideration on the transfer deed to our Registrar and Transfer Agents whose addresses are mentioned above for respective companies.
Approximately The Registrars will take 20 days to effect the transfer if everything is found OK and there is no objection for any entry in the transfer deed and then the registrar will send the certificates to your address mentioned in the transfer deed upon receipt of which you have the option to send the same for demat or u may retain in physical form if you so desire.
If you want to add any joint holders in the certificate, you have to send another transfer deed duly signed by additional persons alongwith you and submit the same to our Registrars as mentioned above after affixing necessary stamp duty on the same.
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2. I have forgotten to get the shares transferred after I had purchased. In such cases, what procedure I should follow :
The Transfer deed is normally valid for 12 months i.e. as per law the deed has to be sent to the company/registrar within 12 months of the presentation date which is normally put on the top of the transfer deed by the Registrar of Copmpanies or before the Record date whichever is later. If the transfer deed is not more than 12 months old, you may send the same after affixing the stamp duty on the same to the Transfer agents as discussed before. In case the validity of the transfer deed has expired, then you have to get the same revalidated by the Registrar of Companies who shall revalidate the same and put the required revalidated stamp on the deed. Or in the alternative, you can approach your seller if possible, alongwith a fresh transfer deed, take his signature on the same and submit to the registrars and Transfer Agents as discussed earlier.
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3. How do I get my shares transferred/transmitted in case of death of joint holder.
In case of death of first holder in a certificate, the second holder can send the certificate alongwith a request letter enclosing therewith notarized death certificate of the deceased and automatically the shares will be transmitted to the joint holder and this is by operation of law. In case of death of second/third holder a simple letter by the first holder along with notarized death certififcate will be submitted to the registrars on receipt of which deceased names shall be deleted from the records.
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4. What is the procedure in case of death of the single holder in the certificate and has also not created any will.
In this case, all the legal heirs of the deceased shall have to get Succession Certificate or Letter of Administration by the court of competent jurisdiction and true copy of the same duly notarized shall be submitted to the Registrar and Transfer agents alongwith request letter, transmission form and other documents duly executed (to be obtained by the Registrars,), share certificates in original who will transmit the shares as requested.
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5. What are the procedures to be complied with in case of misplacement/ loss of share certificate :
You have to inform the said loss of share certificates giving the details of folio No., no. of shares, certififcate Nos. etc. to our Registrar and Transfer Agents to enable them to block your folio and necessary intimation of stop transfer notice will be given to Stock Exchange by them immediately. Also you have to lodge a compliant with your nearest police station and a copy may be forwarded to our Registrars subsequently. Our Registrar and Share transfer agent will inform you the complete procedure to be followed by you and shall provide you with necessary documentation to you directly upon execution of which will enable our Registrars and Transfer agents to issue you duplicate share certificates. In case you find the lost certificates in future, you have to surrender the same to our Registrar and Agents or to the Company for necessary cancellation.
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6. In case of change of address, what procedure I should follows.
You have to send a simple letter requesting for change of address quoting your new address alongwith your folio no. signed by all the shareholders to our Registrars. Please note all requests shall be necessarily signed by the first holder. There cant be more than one address for one folio. In case if your shares are in demat form such request will have to be made to your Deposiotory participant.
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7. What are the benefits available to me in case I desire to demat my shares.
- very convenient mode of holding securities as the same are in fungible form
- Transfer of securities becomes very easy
- No stamp duty is charged on the transfer of securities.
- Demat securities are considered as security cover for financing by banks and institutions.
- Lesss transaction charges and no risk of theft, bad delivery and delays etc.
- Change of address etc. once informed to DP who inturn will take care of changing the address which ultimately takes care of other companies where the particular investor has sharesand thrre is no need for you to inform each company separately.
- Nomination facility is available
- Reduction in paper work
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8. What is the procedure for opening and operating of account in case of Demat.
- Fll up an Account opening form obtained from your nearest DP
- Along with the form submit proof of identity and the form should be authenticated by an existing DEMAT holder.
Or in the alternative
- you can submit copy of passport/voters id/bank statement copy etc. as proof of identity. Originals of any of these should be carried alongwith for verification before the DP An agreement will have to be signed by you with the DP which is a standard format which will detail your and DP's rights and then DP will open your account and give you a account number which shall be preserved by you for future correspondence.
- Normaly one account is opened in one name. But you have an option to open more than one account under the same and also with different DPs of your choice.
- you can submit copy of passport/voters id/bank statement copy etc. as proof of identity. Originals of any of these should be carried alongwith for verification before the DP An agreement will have to be signed by you with the DP which is a standard format which will detail your and DP's rights and then DP will open your account and give you a account number which shall be preserved by you for future correspondence.
- Normaly one account is opened in one name. But you have an option to open more than one account under the same and also with different DPs of your choice.
DIVIDEND :
- for non-receipt of dividend you may cotact our Registrar and Share Transfer Agents with a request letter incorporating your folio no. Dpid No. client ID No. etc.
- If you have lost dividend warrant and the validity period of the same has not expired, you will have to wait upto the validity date of the original warrant however if the warrant is still not paid after the validity period in the bank statement, you will be issued duplicate warrant after complying with the procedure as intimated to you by our Registrars. The waiting period of validity period of the original warrant is there because the dividend warrants are normally issued with at par facility on many branches of the banks in which case it is just not practical for us to inform all the branches and hence there is a need to wait till the validity of the original warrant.
- Normally all unpaid/unclaimed dividends are retained by the companies upto seven years from the date of issue. This is as per the prevailing law here. In such you may contact our Registrars who shall check the records and if it is found the same is still unpaid/unclaimed, they may proceed to pay you the dividend.
- If you want the dividend to be paid to your bank account directly, you may provide the details of folio No. Name of the bank and account No.etc. to our Registrars who shall keep the same on record for future payments of dividend to you. In case of Demat shares, you may contact your DP who in turn will inform the company / Registrar the said change.
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