icon AGM-NOTICES, SPEECHES & TRANSCRIPTS

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AGM Notices

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AGM Speeches & Transcripts

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INFORMATION TO SHAREHOLDERS

The SEBI vide its circular no. SEBI/HO/MIRSD/POD-1/P/CIR/2023/193 dated December 27, 2023 has extended the last date for submission of ‘choice of nomination’ for demat accounts to June 30, 2024.

The complete copy of the circular is attached below.

 

Circular


 

The SEBI vide its circular no.SEBI/HO/MIRSD/POD-1/P/CIR/2023/181 dated November 17, 2023 has removed the following provisions with respect to physical folios:

  • The folios wherein PAN, Nomination, Contact details, Bank A/c details and Specimen signature are not available on or after December 31, 2023 shall be frozen by the RTA.
  • The folio(s) which have been frozen shall be referred by the Company/RTA to the administering authority under the Benami Transactions (Prohibitions) Act, 1988 and or Prevention of Money Laundering Act, 2002, if they continue to remain frozen as on December 31, 2025.

The complete copy of the circular is attached below.

 

Circular


 

The SEBI vide its circular no. SEBI/HO/MIRSD/POD-1/P/CIR/2023/158 dated September 26, 2023 has extended the last date from September 30, 2023 till December 31, 2023 for submission of the following documents/information to avoid freezing of folios/demat accounts:

  • For physical shareholders - PAN, Nomination, Contact details, Bank A/c details and Specimen signature; and
  • For demat account holders – submission of choice of nomination.

Note: For trading accounts, ‘choice of nomination’ has been made voluntary.

 

Circular


 
The SEBI vide its master circular no. SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/145 dated July 31, 2023 (updated as on August 4, 2023) provided for a common online dispute resolution portal for resolving grievances/disputes of investors in the Indian Securities Market. In line with this circular, a gradual process for resolving disputes of investors exist under the ambit of SEBI and Stock Exchanges & Depositories. Therefore, in case of any grievances, the investor shall first approach the Company/RTA. If the investor is not satisfied with the resolution provided by the Company/RTA, he/she may file the concern/complaint on SCORES which is SEBI's investor grievance redressal portal. If the investor is further dissatisfied with the resolution on SCORES, he/she may file the concern/grievance on SMART ODR and the issue will be redressed accordingly. The link of SCORES Portal and SMART ODR Portal are provided hereunder for quick access. Further, the complete copy of the circular is also placed below.
 

Circular

 

PROCEDURE FOR DEMATERIALISATION (DEMAT)

  • The client (registered owner) will submit a request to the DP in the Dematerialisation Request Form for dematerialisation, along with the certificates of securities to be dematerialised. Before submission, the client has to deface the certificates by writing "SURRENDERED FOR DEMATERIALISATION".

  • The DP will verify that the form is duly filled in and the number of certificates, number of securities and the security type (equity, debenture etc.) are as given in the DRF. If the form and security count is in order, the DP will issue an acknowledgement slip duly signed and stamped, to the client.
 
  • The DP will scrutinize the form and the certificates. This scrutiny involves the following:
    • Verification of Client's signature on the dematerialisation request with the specimen signature (the signature on the account opening form). If the signature differs, the DP should ensure the identity of the client.