Get to Know Complete Details of Demat Transfer Information

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Get to Know Complete Details of Demat Transfer Information

Depository Services

The equity shares of Grasim are under compulsory demat trading by all investors. Shares are available for demat with both the depositories in India — National Securities Depository Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL).

Considering the advantages of scripless trading, shareholders holding shares in physical form should consider dematerialisation of their holding.

Dematerialisation of Shares

Shareholder(s) who want to hold shares in demat form should open a demat account with a depository participant (DP) registered with either NSDL or CDSL, and then surrender their share certificate(s) for dematerialisation of shares to the company through the DP. List of DPs registered with NSDL and CDSL is available on their respective websites.

Steps involved in dematerialisation of shares:

  • Shareholder fills out a Dematerialisation Request Form (DRF) and surrenders the defaced share certificate(s) alongwith the DRF to the DP
  • The DP intimates the company of this request through the system of NSDL/CDSL
  • The DP submits the share certificate(s) and the DRF to the company
  • The company updates the Register of Members and then validates the request
  • The Depository credits the DP’s account
  • The DP updates the investor’s demat account and informs the shareholder

At present, no stamp duty has to be paid on transfer of shares in demat form.

Rematerialisation of Shares

Name and Address of Depositories

National Securities Depository Ltd

Trade World, 4th Floor, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013

[email protected]

www.nsdl.co.in

Share Transfers

Share transfers in physical form are registered and returned within a period of 15 days from the date of receipt, if the documents are clear in all respects. Officers of the Company have been authorized to approve transfers upto 1000 shares in physical form under one transfer deed.

One Director jointly with two Officers has been authorized to approve the transfers exceeding 1000 shares under one transfer deed. The Company obtains from a Company Secretary in practice half-yearly Certificate of Compliance with the share transfer formalities as required under clause 47(C) of the listing agreement with the stock exchange.

Transmission of Shares in Physical Form

In case of joint holding of shares

Under the depository system, there is provision for rematerialisation of shares i.e. re-conversion of dematerialised shares into physical shares.

Steps involved in rematerialisation of shares:

– Request letter for deletion of name of the deceased shareholder
– Copy of death certificate of the deceased shareholder(s) attested by gazetted officer or notary public
– Original share certificate(s)
– Name deletion form duly filled-in and signed by the surviving joint shareholder(s)
– Current specimen signature(s) of the surviving shareholder(s), duly attested by a nationalised bank in our prescribed form

In case of shareholding in single (sole) name

Upon death of the shareholder, following documents are required from legal heir(s) / claimant(s):

– Request letter for transmission of shares in favour of the legal heir(s) / claimant(s)
– Copy of death certificate of the deceased shareholder(s) attested by gazetted officer or notary public
– Certified copy of the succession certificate or letter of administration or probate of will
– Original share certificate(s)
– Current specimen signature(s) of the legal heir(s) / claimant(s), duly attested by a nationalised bank in our prescribed form.
– Transmission form duly filled and signed by the legal heir(s) / claimant(s)
In case of transmission of shares held in dematerialised form, legal heir(s) of the deceased shareholder is/are required to approach the DP with whom the demat account is maintained.

Loss of shares

In case of loss of share certificate(s) by the registered shareholder(s):

– Shareholder(s) should immediately notify to the company by way of a letter duly signed by the shareholder(s), the fact of loss/misplacement of share certificate(s) alongwith copy of Police FIR bearing complete details of share certificate(s) lost/ misplaced, viz. share certificate no(s), distinctive nos., number of shares, folio no(s), etc.
– On receipt of above documents and upon verification of signature of the shareholder(s) on the intimation letter, the company shall note ‘stop transfer’ remarks against the relevant share certificate(s)
– The company shall inform to the shareholder(s) procedure to be followed for issue of duplicate share certificate(s) alongwith the formats of affidavit, indemnity bond, etc. to be executed by the shareholder(s) in the prescribed manner on non-judicial stamp paper of requisite value
– On receipt of executed affidavit, indemnity bond and other documents/papers and after publication of public notice in newspaper(s), the company shall issue duplicate share certificate(s), in case the company does not receive any objection for the same.

Depository Services

The equity shares of Grasim are under compulsory demat trading by all investors. Shares are available for Demat with both the depositories in India — National Securities Depository Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL).

Considering the advantages of scripless trading, shareholders holding shares in physical form should consider the dematerialization of their holding.

Dematerialization of Shares

Shareholder(s) who want to hold Preference Shares in Demat form should open a Demat account with a depository participant (DP) registered with either NSDL or CDSL, and then surrender their share certificate(s) for dematerialization to the company through the DP. A list of DPs registered with NSDL and CDSL is available on their respective websites.

Share Transfers

Share transfers in physical form are registered and returned within a period of 15 days from the date of receipt if the documents are clear in all respects. Officers of the Company have been authorized to approve transfers of up to 1000 shares in the physical form under one transfer deed. One Director jointly with two Officers has been authorized to approve the transfers exceeding 1000 shares under one transfer deed.

The Company obtains from a Company Secretary in practice a half-yearly Certificate of Compliance with the share transfer formalities as required under clause 47(C) of the listing agreement with the stock exchange.

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