ShareTransfer
Systems :
As
per the SEBI directive, the Company has appointed M/S C.B.Management
Services (P) Ltd., as its Registrar & Share Transfer Agent for
rendering the entire range of services to the shareholders of the
company.
To expedite the transfer of shares held in physical mode the power
have been delegated to the Secretary & General Manager (Legal
& Admn) of the Company to approve the transfer/ transmission
of shares, issue of duplicate share Certificates and Certificates
after split/ consolidation/ renewal, etc. in the Physical segment
in terms of sub clause 49 VI(D) of the Listing Agreement.
The transfer of shares in Demat mode need not be approved by the
company.The transfers, which are complete in all respects, are taken
up for approval and the transferred securities and despatched to
the transfaree within the stipulated time.
The Secretary & General Manager (Legal & Admin) of the Company
is empowered to approve the Transfers.
PAN
requirement for Tranfer / Transmission of share in physical form
1
The Secureities and Exchange Board of India (SEBI) vide circular
ref.no. MRD/DoP/Cir-05/2007 dated April 27,2007 made PAN mandatory
for all Securities market transactions. Thereafter, vido circular
no. MRD/DoP/Cir-05/2009 dated May 20, 2009 it was clarified that
for securities market transactions and off-market / private transactions
involving transfer of shares in physical form of listed companies,
it shall be mandatory for the transferee(s) to furnish copy of
PAN card to the Company / RTAs for registration of such of shares.
2.
Based on representations / clarifications sought by market participant
and in continuation to the aforesaid circulars, it is hereby clarified
that it shall be mandatory to furnish a copy of PAN in the following
cases -
2.1. Deletion of name of the decreased sharesholder(s), where
the shares are held in the name of two or more shareholders.
2.2. Transmission of shares to the lega heir(s), where decreased
shareholder was the sole holder of shares.
2.3. Transposition of shares when there is a change in the order
of names in which physical shares are held jointly in the names
of two or more shareholders.
3.
Incase of mismatch in PAN card details as well as difference in
maiden name and current name (in case of married women) of the
investors-
3.1.
The RTAs can collect the PAN card as submitted by then transferee(s).
However, this would be subject to the RTAs verifying the veracity
of The claim of such transferee(s) by collecting sufficient documentary
Evidence in support of the identity of the transferee(s) as provided
for At para, 2 in he SEBI circular no. MRD/DoP/Cir-29/2004 dated
August 24 ,2004 read with SEBI circular no. MRD/DoP/Cir-08/2007
dated June 25, 2007.
