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of <h1>SEBI Regulations: Unclaimed Shares Managed via Demat Suspense Account; Voting Rights Frozen Until Claimed</h1> The Securities and Exchange Board of India (SEBI) regulations outline procedures for dealing with unclaimed shares. A listed entity may delegate tasks to a share transfer agent and must send at least three reminders to shareholders. If no response is received, unclaimed shares in demat form are credited to a demat suspense account, while physical shares are transferred to an 'Unclaimed Suspense Account' and dematerialized. The entity maintains records of each allottee's shareholding and holds shares on behalf of allottees until claimed. Corporate benefits on unclaimed shares are credited to the suspense account, and voting rights remain frozen until claimed.
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