Some times there is a corporate action like Splitting of Share Face value / Mergers etc . Investors are called to surrender old certificates for new .
Example
Oriental Hotels - Share Split to Re 1
State Bank of Bikaner And Jaipur - Share Split to Rs. 10
State Bank of Travancore - Share Split to Rs. 10
Investors ( holding shares in Physical Mode ) should , now , not delay such surrender of old certificates and should claim new certificates at the earliest due to the latest SEBI guidelines in this regard .
SEBI INSTRUCTIONS
For shares issued by a Company in physical form pursuant to the public issue or any other issue, which remain unclaimed shall be dematerialised and the same shall be transferred to "Unclaimed Suspense Account" with one of the Depository Participants. All corporate benefits in terms of securities accruing on such viz. bonus shares, split etc. shall also be credited to such Unclaimed Suspense Account. The voting right shall also remain frozen till the shares are claimed by rightful owner of shares.
Example
Oriental Hotels - Share Split to Re 1
State Bank of Bikaner And Jaipur - Share Split to Rs. 10
State Bank of Travancore - Share Split to Rs. 10
Investors ( holding shares in Physical Mode ) should , now , not delay such surrender of old certificates and should claim new certificates at the earliest due to the latest SEBI guidelines in this regard .
SEBI INSTRUCTIONS
For shares issued by a Company in physical form pursuant to the public issue or any other issue, which remain unclaimed shall be dematerialised and the same shall be transferred to "Unclaimed Suspense Account" with one of the Depository Participants. All corporate benefits in terms of securities accruing on such viz. bonus shares, split etc. shall also be credited to such Unclaimed Suspense Account. The voting right shall also remain frozen till the shares are claimed by rightful owner of shares.
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