A dividend is a reward paid to the shareholder for their investment in a company’s equity and it usually originates from the company’s net profits, determined by the company’s board of directors on a time to time basis. Dividends are often declared and distributed either annually or quarterly and may be paid out as cash […]
Market regulator SEBI has come up with simplified and standardized norms for investor service requests including putting in place framework for furnishing PAN, KYC details, bank details, signature, issue of duplicate shares, change of status for NRIs, nomination details and other by holders of physical shares. SEBI has also directed companies and RTA to process […]
IEPF is the acronym for Investor Education and Protection Fund. IEPF Authority was set up with the objective to promote awareness amongst financial investors and educate them about unclaimed benefits of companies. IEPF has been set up by the Ministry of Corporate Affairs (MCA). IEPF Fund was incorporated under Section 205C of the Companies Act, […]
The Board, on March 28, 2018, decided that except in case of transmission or transposition of securities, requests for effecting transfer of securities shall not be processed unless the securities are held in dematerialized form with a depository. This measure shall come into effect from April 01, 2019. Subsequently, SEBI has received representations from shareholders […]
The amendment, the officials said, would centralise and smoothen the process of share transfer, besides addressing the problem of unclaimed dividends, which currently stand at Rs 2,000 crore The Ministry of Corporate Affairs (MCA) is pushing for an amendment to the Companies Act to shift the task of transferring shares from companies to the government. […]