Trading in the equity shares of the company should be in Compulsory Demat (SEBI circular no. SMDRP/POLICY/CIR-16/99 dated June 14, 1999 and no. SMDRP/POLICY/CIR-18/2000 dated April 27, 2000)
Documents to be submitted prior to Corporate Action | ||
Sr. | Particulars | Timeline |
1 | Intimation of the Record Date / Book Closure for the Sub Division / Stock Split of the equity shares of the company with particulars. | A least 15 / 30 days in advance as applicable*
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2 | Certified true copy of the notice of Shareholders meeting for approval of the Sub Division / Stock Split of equity shares of the Company. | At the time of intimation of Record Date / Book Closure |
3 | Certified true copy of the shareholders resolution for the Sub Division / Stock Split of equity shares of the Company with detail proceedings. | At the time of intimation of Record Date / Book Closure |
4 | Details of issued and paid up equity share capital of the company pre & post Sub Division / Stock Split of equity shares of the Company. | At the time of intimation of Record Date / Book Closure |
5 | Undertaking from the company that all the beneficiaries will be credited with the split / sub divided shares in their respective demat accounts within one day from record date fixed for sub-division / stock split | At the time of intimation of Record Date / Book Closure |
6 | Intimation of activation of New ISIN Number along with Depositories’ confirmation of subdivided face value of the equity shares of the company to BSE | At least three days prior to Record Date / Book Closure. |
Documents to be submitted post Corporate Action | |||
Sr. | Particulars | Timeline | Suggestive Format |
1 | Credit confirmation from the Depositories regarding all the beneficiaries having been credited with the split / sub divided shares in their respective demat accounts. | Within two days after the Record Date / Book Closure.
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Copy of letter issued by Depositories
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2 | Specimen copies of Equity Shares Certificates | Within seven days after the Record Date / Book Closure. | N.A. |
3 | Certified true copy of the shareholders resolution for the Sub Division / Stock Split of equity shares of the Company with detail proceedings. | At the time of intimation of Record Date / Book Closure | Copy of letter issued by Depositories
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Suggestive Format | |||
1. Intimation of Record Date / Book Closure | |||
Type of Securities | Date(s) of Record Date / Book Closures | Purpose | Benefit / Entitlement to the Shareholders |
2. Details of Issued and Paid up Capital | |||
Sr. | Particulars | Pre Corporate Action | Post Corporate Action |
1 | Number of Equity Shares - Physical - Demat |
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2 | Capital (in Rs.) | ||
3 | Distinctive Numbers |
Check List of Documents Required for Sub Division, Face Value Split & Scheme of Arrangement