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COMPULSORY DEMAT OF SHARES

Postby snswamyfcs1956 » Sat Mar 15, 2008 10:32 pm

DEAR PROFESSIONALS

IF A BSE LISTED MANUFACTURING COMPANY, which became a sick company, and referred to BIFR, and also having around 10,000 share holders ,who resides all over India, can seek complete exemption from compulsory Demat of shares, stating that the financials of the company is bad and it can not afford the cost thereon

your valued experience is solicited

s.narayanaswamy
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Re: COMPULSORY DEMAT OF SHARES

Postby amanjain » Mon Mar 17, 2008 10:30 am

dear s.narayanaswamy,

according to my knowledge when shareholder want to remat its share then they approach to DP and DP approach depository and Depository to share transfer agents. now the company became a sick company. then share transfer agent first to all will get required permission from BIFR for this matter. there is no bar to remat of shares. but it will purely depend on BIFR consent. and for that reason which you gave in your mail i think BIFR allow to remat of shares.

aman
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