Thursday, September 20, 2018
Kashmir Times Logo
Dematerialization be only through government-agencies
ActIT Jammu, Projects, Java,, C# Training Jammu
Dear Editor,

Dematerialization of shares from physical form was started several decades ago. But lack of awareness has deprived many small investors about necessity of dematerialization because listed shares now cannot be sold or transferred without dematerialization. Moreover there is clarity about transfer or sale of non-listed companies. Concerned ministry or department of central government should direct all companies to send one more reminder for dematerialization of shares clearly mentioning holding of shares, debentures or any other form of investment to individual investors. This reminder should also mention details of unclaimed dividends, interests etc held either by the company or transferred to government-funds as per rules, clearly mentioning procedure to claim these.

Even procedures for making claims either from the company or from government-fund should be simplified. Moreover Depository Participants for dematerialization should only be public sector banks or other public-sector undertakings like Stock Holding Corporation of India Limited to prevent chances of frauds and cheating by private players. Provision may be there so that all forms regarding dematerialization or trading etc may be filled on website subsequently to be downloaded and printed in filled-up manner like is done for passport-applications.

Non-listed companies should also compulsorily inform investors likewise about unclaimed securities, dividends, interest etc.

—Subhash Chandra Agrawal,

1775 Kucha Lattushah

Dariba, Chandni Chowk Delhi.

News Updated at : Tuesday, May 15, 2018
Comment on this Story 

Top Stories of the Day  
Train services restored in Kashmir after 4 days
SRINAGAR, May 14: Train services were restored in Kashmir valley on Monday after remaining suspended for past four days. The railway officials at Budgam railway station revealed that all the trains running from and to Budgam were run on scheduled time since early morning on Monday. They said all the trains scheduled to and from Baramulla were also run on time after four consecutive days of suspension. The officials said the trains scheduled from and towards Qazigund were run as per schedu
> Srinagar airport being readied for night landing facilities
> BJP not ready to listen to reason on J&K: Farooq
> Jaitley undergoes successful kidney transplant at AIIMS
> Faiz’s daughter slams India
> Smriti loses I&B to her Deputy; Goyal gets Finance
Other Stories from Web  
Find us on
Weather Report
Shridev Sharma
Mata Vaishnodevi | Matavaishnodevi | Mata Vaishno Devi
Electric Blanket | Electric Bed Warmers | Electric Under Blankets | Electric Heating Blanket
Web Design Jammu, Web Design Company, Ideogram Jammu
Home | Contact Us | Kashmir Times | Kashmir Times E-Paper - Jammu | Kashmir Times E-Paper - Srinagar | Dainik Kashmir Times | Jammu Prabhat
Copyright 2013 Kashmir Times Group. All rights reserved. Powered by Ideogram Technology Solutions Pvt. Ltd.