Unclaimed share demat suspense account established to hold unclaimed allotments with frozen voting rights until claim. A uniform procedure requires issuers to credit unclaimed shares from public or other issues to a demat suspense account, credit corporate benefits to that account, maintain individual allottee records, re-credit shares to an allottee's demat account after identity verification, prohibit transfers from the suspense account except to effect allotment, freeze voting rights until claim, and disclose aggregate suspense-account details and movements in the Annual Report while shares remain outstanding.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Unclaimed share demat suspense account established to hold unclaimed allotments with frozen voting rights until claim.
A uniform procedure requires issuers to credit unclaimed shares from public or other issues to a demat suspense account, credit corporate benefits to that account, maintain individual allottee records, re-credit shares to an allottee's demat account after identity verification, prohibit transfers from the suspense account except to effect allotment, freeze voting rights until claim, and disclose aggregate suspense-account details and movements in the Annual Report while shares remain outstanding.
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