We would like to draw your attention to Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/655 dated November 3, 2021, and clarification vide Circular No. SEBI/HO/MIRSD/MIRSD-RTAMB/P/CIR/2021/687 dated December 14, 2021 issued by SEBI, on Common and Simplified Norms for processing Investor’s Service Request by RTAs. SEBI vide these Circulars have mandated the furnishing of PAN, Address with PIN code, Email address, Mobile No., Bank Account details, Specimen Signature & Nomination by holders of physical securities and that “From January 1, 2022, RTAs shall not process any service requests or complaints received from the holder(s)/claimant(s), till PAN, KYC and Nomination documents/details are received”.
The relevant Forms for registering/changing KYC details and Nomination, viz. Forms ISR-1, ISR-2, ISR-3, SH-13, SH-14 as well as the SEBI circulars are available on our website at https://www.tcplindia.co.in -> KYC-Formats In order to make the folio KYC compliant, the holder is required to submit the duly completed Forms along with supporting documents as indicated therein.
Please note that SEBI vide its circular no. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022 states that ‘listed companies shall henceforth issue the securities in dematerialized form only’ (vide Gazette Notification no. SEBI/LAD-NRO/GN/2022/66 dated January 24, 2022) while processing requests for
1) Issue of duplicate securities certificate
2) Claim from Unclaimed Suspense Account
3) Renewal / Exchange of securities certificate
4) Endorsement
5) Sub-division / Splitting of securities certificate
6) Consolidation of securities certificates / folios
7) Transposition
8) Transmission
The holder(s)/claimant(s) are requested to submit Form ISR-4 alongwith the request letter in case of requests for Serial Nos. 1) to 7) stated above and Form ISR-5 in case of request for transmission.
Please note that as per SEBI circular dated 27th March 2019, w.e.f. April 01, 2019 fresh requests for effecting transfer of securities shall not be processed unless the securities are held in dematerialized form with a depository.
You are, therefore, requested to co-ordinate with the transferor(s) to convert the physical shares into dematmode and subsequently arrange to transfer the shares into your demat account.
In case of securities of unlisted private limited companies, transfer can be effected for which you need to :
1. Submit duly executed
Form SH-4.
2. Submit original certificates for the securities
3. Attach self- attested copy of the PAN Card of the transferor(s) as well as of
the transferee(s)
4. Frank / affix stamp duty on the Form SH-4 @ 0.25% of the market value or the
consideration amount (whichever is higher). Calculation of market value of the securities
must be as on the execution date mentioned on the Form SH-4.
• In case of debentures / bonds, where the market value is not available, stamp duty is to be calculated on the face value of the securities being transferred.
For securities held in electronic form, please contact your depository participant.
For securities held in physical form, please ensure that your folio is KYC compliant. For more details on KYC compliance, please refer to point I above.
1. Application Form for Name Deletion duly completed and signed by the surviving holder(s) as per the specimen signature(s) recorded with the Company.
2. Original death certificate or copy of death certificate, attested by the survivor subject to verification with the original (only in case of in person verification) or copy of death certificate, duly attested by a Notary Public or by a Gazetted Officer. Attestation by Notary Public / Gazetted Officer should mention their name, full address, registration number and affix their seal, Notarial Fee stamps, as applicable.
3. Self-attested copy of the PAN Card of the surviving holder(s), issued by the Income Tax Department.
4. Original security certificate(s).
5. Duly completed Form ISR-1, Form SH-13 / Form ISR-3 and Form ISR-4.
Post processing of the request, a Letter of Confirmation shall be issued to facilitate submission of the same with the Depository Participant for dematerialization in compliance with SEBI circular no. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022.
For securities held in electronic form, please contact your Depository Participant.
For securities held in physical form, please submit the following:-
1. Duly signed transmission request form by the nominee(s)- (Form ISR-5).
2. Original death certificate or copy of death certificate attested by the nominee(s) subject to verification with the original (only in case of in person verification) or copy of death certificate duly attested by a Notary Public or by a Gazetted Officer. Attestation by Notary Public / Gazetted Officer should mention their name, full address, registration number and affix their seal, Notarial Fee stamps, as applicable.
3. Self-attested copy of PAN Card of nominee(s), issued by the Income Tax Department.
4. Original security certificate(s).
Post processing of the request, a Letter of Confirmation shall be issued to facilitate submission of the same with the Depository Participant for dematerialization in compliance with SEBI circular no. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022.
For securities held in electronic form, please contact your Depository Participant.For securities held in sole / joint name of deceased holder(s), without nomination where value of securities is up to Rupees Five lakhs# per listed entity for securities held in physical mode as on the date of application for transmission by the claimant, please submit the following:-
1. Duly signed transmission request form by the legal heir(s)/claimant(s)- (Form ISR-5).
2. Original death certificate or copy of death certificate attested by the legal heir(s)/claimant(s) subject to verification with the original (only in case of in person verification) or copy of death certificate duly attested by a Notary Public or by a Gazetted Officer.
3. Self-attested copy of PAN Card of legal heir(s)/claimant(s), issued by the Income Tax Department.
4. Original security certificate(s).
5. A Notarized Affidavit from all legal heir(s) / claimant(s) made on non-judicial stamp paper of appropriate value in the prescribed format, to the effect of identification and claim of legal ownership to the securities (in case the legal heir(s)/claimant(s) are named in Succession Certificate or Probate of Will or Will or Letters of Administration or Legal Heirship Certificate (or its equivalent certificate), an Affidavit from such legal heir(s)/claimant(s) alone shall be sufficient). Separate Affidavits are to be executed by the legal heir(s) / claimant(s).
6. Succession Certificate or Probate of Will or Will or Letters of Administration or Court Decree or Legal Heirship Certificate (or its equivalent), duly attested by a Notary Public or by a Gazetted Officer.
7. In case of non-availability of documents mentioned in Point 6, the following shall be submitted along with documents mentioned in Points 1 to 5:
(Click here to download draft of Affidavit, Indemnity [as applicable], No Objection Certificate [as applicable], Form ISR-5, Form SH-13 / ISR-3).
Post processing of the request, a Letter of Confirmation shall be issued to facilitate submission of the same with the Depository Participant for dematerialization in compliance with SEBI circular no. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022.
For securities held in sole / joint name of deceased holder(s), without nomination where value of securities exceeds Rupees Five lakhs# per listed entity for securities held in physical mode as on the date of application for transmission by the claimant, please submit the following:-
1. Duly signed transmission request form by the legal heir(s)/claimant(s) - (Form ISR-5).
2. Original death certificate or copy of death certificate attested by the legal heir(s)/claimant(s) subject to verification with the original (only in case of in person verification) or copy of death certificate duly attested by a Notary Public or by a Gazetted Officer.
3. Self-attested copy of PAN Card of legal heir(s)/claimant(s), issued by the Income Tax Department.
4. Original security certificate(s).
5. A Notarized Affidavit from all legal heir(s)/ claimant(s) made on non-judicial stamp paper of appropriate value in the prescribed format, to the effect of identification and claim of legal ownership to the securities. Separate Affidavits are to be executed by the legal heir(s) / claimant(s).
6. Succession Certificate or Probate of Will* or Will** or Letters of Administration or Court Decree or Legal Heirship Certificate (or its equivalent)***,duly attested by a Notary Public or by a Gazetted Officer.
*Probate of Will shall be only insisted on, if applicable as per terms of Indian Succession Act, 1925.#For value of securities, the applicant shall quantify the value of the securities on the basis of the closing price of such securities at any one of the recognized stock exchanges a day prior to the date of such submission of the application with completed documents.
(Click here to download draft of Affidavit, Indemnity [as applicable], No Objection Certificate [as applicable], Form ISR-5, Form SH-13 / ISR-3).
Post processing of the request, a Letter of Confirmation shall be issued to facilitate submission of the same with the Depository Participant for dematerialization in compliance with SEBI circular no. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022.
IMPORTANT POINTS:
1) For securities standing in joint names and where all the holders are deceased, legal documents (viz. Succession Certificate or Probate of Will or Will or Letters of Administration or Court Decree or Legal Heirship Certificate) for the holder, who is deceased last, is required to be submitted.
2) Attestation by Notary Public / Gazetted Officer should mention their name, full address, registration number and affix their seal, Notarial Fee stamps, as applicable.
For securities held in electronic form, please contact your Depository Participant.
Yes, you can interchange the order of names for full holding. For securities held in physical form, please ensure that your folio is KYC compliant. For more details on KYC compliance, please refer to point I above.
For KYC compliant folio, please submit the following:-
1. Application Form for Transposition duly completed and signed by ALL the holders as per the specimen signatures recorded with the Company. This form can be downloaded from our website.
2. Original certificates for the securities.
3. Self-attested copies of the PAN Cards of all the holders.
4. Original cancelled cheque of the first holder as per the transposed order.
5. Duly completed Form ISR-1 , Form SH-13 / Form ISR-3 and Form ISR-4.
In case you wish to interchange the order of the names for the purpose of dematerialising your securities, the form OA (available with your depository participant) may be duly completed in the desired order of names and submitted to them with the Dematerialisation Request Form and the certificates.
Important points to be notedInvestors are informed that after verification of the documents submitted and in case of change in signature / non-availability of signature / inability to sign due to old age or health problem / difference in name / requirements related to enhanced due diligence, additional documents will be called for, viz. Affidavit, Government Gazette, proof of identity / address, PAN and bank details, and such other additional procedures/documents, as applicable will be required to be submitted along with Form ISR-2.
Investors are advised to submit an attested copy of any one of the following documents in case of Mismatch in Name on PAN Card vis a vis Share Certificate / Transposition Form-
Post processing of the request, a Letter of Confirmation shall be issued to facilitate submission of the same with the Depository Participant for dematerialization in compliance with SEBI circular no. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022.
For securities held in electronic form, please contact your depository participant.Yes, you can. For securities held in physical form, please ensure that your folio is KYC compliant. For more details on KYC compliance, please refer to point I above.
For KYC compliant folio, you may nominate person(s) by completing Form No.SH-13 and registering the same with us. Kindly download Form SH-13
Important points to be noted
Investors are informed that after verification of the documents submitted and in case of any differences observed, additional procedures / documents, may be further called as part of KYC.
For securities held in electronic form, please contact your Depository Participant
For securities held in physical form, please ensure that your folio is KYC compliant. For more details on KYC compliance, please refer to point I above.
For KYC compliant folio, you may complete Form ISR-3 for opting out of nomination and registering the same with us. Kindly download Form ISR-3
Investors are informed that after verification of the documents submitted and in case of any differences observed, additional procedures / documents, may be further called as part of KYC.
For securities held in electronic form, please contact your Depository Participant.
Yes, you can. For securities held in physical form, please ensure that your folio is KYC compliant. For more details on KYC compliance, please refer to point I above.
For KYC compliant folio, you may vary or cancel the nomination and nominate new person(s) in place of the existing nominee(s) by completing Form No. SH-14 and registering the same with us. Kindly download Form SH-14
Investors are informed that after verification of the documents submitted and in case of any differences observed, additional procedures / documents, may be further called as part of KYC.
Yes, you can. For securities held in physical form, please ensure that your folio is KYC compliant. For more details on KYC compliance, please refer to point I above.
For KYC compliant folios, if you have more than one folio registered with same address and identical names which are in the same order, please submit the following:-
1. Application Form for Amalgamation duly completed and signed by ALL the holders as per the specimen signature(s) recorded with the Company. This form can be downloaded from our website.
2. Original certificates pertaining to all the folios stating the ,Folio into which the holding is to be amalgamated.
3. Self-attested copy of the PAN Card of the holder(s).
Post processing of the request, a Letter of Confirmation shall be issued to facilitate submission of the same with the Depository Participant for dematerialization in compliance with SEBI circular no. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022.
For securities held in electronic form, please contact your depository participant.
Yes, you can. For securities held in physical form, please ensure that your folio
is KYC compliant. For more details on KYC compliance, please refer to point I above.
Please send us the original certificates, provided they are under the same folio,
alongwith a request letter. If they are not under the same folio, but have the same
order of names, please follow the procedure mentioned for amalgamation of the accounts
to facilitate consolidation into a single certificate.
InInvestors are informed that after verification of the documents submitted and in case of change in signature / non-availability of signature / inability to sign due to old age or health problem / difference in name / requirements related to enhanced due diligence, additional documents will be called for, viz. Affidavit, Government Gazette, proof of identity / address, PAN and bank details, and such other additional procedures / documents, as applicable.
Post processing of the request, a Letter of Confirmation shall be issued to facilitate submission of the same with the Depository Participant for dematerialization in compliance with SEBI circular no. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022.
For securities held in physical form, please ensure that your folio is KYC compliant. For more details on KYC compliance, please refer to point I above.
To register your new signature for securities held in physical form, Form ISR-2 is required to be completed and forwarded to us along with original cancelled cheque leaf bearing the name of the first holder.
Investors are informed that after verification of the documents submitted and in case of any differences observed, additional procedures / documents, may be further called as part of KYC.
For securities held in electronic form, please contact your Depository Participant.For securities held in physical form, please ensure that your folio is KYC compliant. For more details on KYC compliance, please refer to point I above.
For KYC compliant folio, please submit the following:
A written request for change in address in Form ISR-1, duly signed by the first holder as per the specimen signature recorded with the Company along with supporting documents as mentioned below-
Self attested copy of any 1 of the following documents issued by a Government authority:
a. Client Master List (CML) of your demat account, provided by the Depository Participant
b. Valid Passport/Registered Lease or Sale Agreement of Residence/Driving License/Flat
Maintenance Bill*
c. Utility bills like telephone bill (only landline), electricity bill or gas bill
(not more than 3 months old)
d. Identity Card with photo/document with address, issued by Central/State Government
and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings,
Scheduled Commercial Banks, Public Financial Institutions
e. For FII/subaccount, Power of Attorney given by FII/sub account to the Custodians
(which are duly notarized and/or apostilled or consularised) that gives the registered
address
f. Proof of address in the name of the spouse*
* Kindly provide additional self-attested copy of Identity Proof of the holder/claimant.
The identity and address proof should be legible and in the name of the first registered
account holder.
Investors are informed that after verification of the documents submitted and in
case of any differences observed, additional procedures / documents, may be further
called as part of KYC.
You are required to immediately send a letter duly signed by the holders as per
their specimen signatures recorded with the Company reporting loss /non-receipt
of certificates.
Please ensure that your folio is KYC compliant. For more details on KYC compliance,
you are requested to refer to point I above.
After verification of the Company records and provided the folio is KYC compliant,
the following documents will be mailed, for compliance by the holders:
1. Affidavit.
2. Indemnity.
3. Form ISR-4
The holders will have to carefully read the instructions attached with the forms and submit to us the above documents, duly complete in all respect along with the following, where the market value of the securities lost exceeds Rs. 5 Lakhs*:
1. Original newspaper clippings, where loss of securities has been published in
a widely circulated newspaper.
2. F.I.R / e-F.I.R /Acknowledged Police Complaint, reporting loss of securities,
containing details of the securities, folio number, distinctive number range and
certificate numbers
An overseas securities holder instead of submitting F.I.R / e-F.I.R /Acknowledged
Police Complaint, shall be permitted to provide self declaration of the security
certificates lost/ misplaced/stolen, duly notarised / apostilled / attested by the
Indian Consulate / Embassy in their country of residence, along with self attested
copies of valid passport and overseas address proof.
Click here to download the Draft of Affidavit, Indemnity & Advertisement
*For value of securities, the applicant shall quantify the value of the securities on the basis of the closing price of such securities at any one of the recognized stock exchanges a day prior to the date of such submission in the application.
If you do not know the distinctive number(s) of the lost certificate(s) please provide
folio number and the distinctive number(s) of the certificates in your possession,
to enable us to verify and advise details of the lost securities.
In case you trace the certificate(s) which had been reported lost, please inform
us immediately vide a letter signed by the holders as per their specimen signatures
registered with the Company so as to avoid any complexity/delay in future transactions.
Please also forward original / notarized acknowledged copy of Withdrawal of Police
Complaint with respect to the securities traced.
Yes. Please ensure that your folio is KYC compliant. For more details on KYC compliance, please refer to point I above.
For securities held in physical form where the folio is KYC compliant, please submit the following to enable updation of change in bank details :-
1. Form ISR-1 duly completed and signed by all the holders as per the specimen signature recorded with us furnishing the bank account details
2. Original cancelled chequeleaf bearing the name of the first holder
Bank attested legible copy of the first page of the Bank Passbook / Bank Statement bearing the names of the accountholders, address, same bank account number and type as on the cheque leaf and the full address of the Bank branch and, Bank attested legible copy of the last page of the Bank Passbook / Bank Statement showing the latest transaction which is not more than 3 months old.
The attestation of the Bank passbook / statement should be by the Bank Manager under his name, employee code, designation, full address and official stamp of the Bank and date of attestation.
For securities held in electronic form, the bank details have to be registered with your depository participant.As per the Finance Act 2020 and applicable Section 194 of the Income-Tax Act, 1961 and amendments thereto tax will be deducted at source, with effect from 1st April, 2020, as follows-
FOR RESIDENT INDIVIDUALS: at the rate of 10%, if the amount due exceeds Rs.5000.00 (the threshold limit).
In case a resident individual is not a tax-payer/not liable for deduction of tax at source, a declaration in Form 15G for claiming tax exemption from dividend or interest paid on debentures is required to be submitted to TCPL. For a resident individual who is of the age of 60 years or more, this declaration is to be made in Form 15H.
FOR NON-RESIDENTS: (including Companies other than domestic Companies) at
the rate of 20%. To avail TDS benefit under Double Taxation Avoidance Agreement,
Non Resident investors to submit,
- Tax Residency Certificate (TRC) issued by the Tax / Government authority of the
country in which the Non-Resident is a resident of.
- Form 10F containing therein information to be provided under sub-section (5) of
section 90 or sub-section (5) of section 90A of the Income-tax Act, 1961, if not
so covered in TRC.
Form 15G/15H, as applicable, must be submitted either in hard copy or scanned copy of the same should be forwarded to the designated email ids as conveyed by the respective Companies in the tax communications sent to the shareholders. .
Self-attested copy of valid PAN Card of the declarant must be sent along with the tax exemption form in Form 15G/15H as applicable. Declaration shall be invalid if PAN is not recorded for the folio/demat account.
In case PAN is not available, tax deducted at source will be at higher rate.
Name of the Company and Folio No. / DP id Client id must be provided in the Form15G/15H.
The duly completed forms may please be sent by the 1st of April every year to avoid missing out on book closure/record dates.
Forms15H/15G are valid for only one financial year and fresh declaration has to be submitted every year.
Please write, giving:-
Details of the Tax Deduction Certificate that you require.
Name of the Company in which you hold the securities.
Your full name and address.
Your Folio No. / DP id Client id.
Payment date(s) and financial year.
For any queries not covered herein, please refer to TCPL for clarifications, quoting
your Folio No. / DP id Client id.
As per Section 205(A) of the Companies Act, all unclaimed and unpaid dividend maintained in the separate dividend account of the Company was required to be transferred to the General Revenue Account of the Central Government after the prescribed period of approximately 3 years. Any claim post transfer to the Central Government should be made to the Registrar of Companies in the prescribed form.
However as per the Amendment vide the Companies (Amendment) Ordinance, 1998, Section 205 (A) of the Companies Act 1956, this clause has been amended with effect from 31st October, 1998. Accordingly, all unclaimed Dividend / Interest / Principal / Maturity amounts on Deposits/ Debentures after expiry of 7 years from the date they were due for payment shall be transferred to Investor Education and Protection Fund. ("THE FUND").
As per provisions of the Companies Act, 2013 and Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, it is prescribed that all shares shall be transferred to IEPF in respect of which unpaid or unclaimed dividend is transferred as provided under Section 124 (5) and 124 (6) of the Companies Act, 2013 and rules prescribed therein.
Further, please note that the Ministry of Corporate Affairs, Government of India has notified the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2017 (IEPF Rules). According to the said IEPF Rules, Companies are required to transfer such shares for which dividend has not been claimed for 7 consecutive years, to the demat account of IEPF Authority.
In terms of the provision of Companies Act, 2013 and IEPF Rules, the Company has transferred such shares by cancelling the original share certificate registered in the names of the shareholders and issuing duplicate share certificate in lieu of the original share certificate and transmitting the same to the demat account of IEPF Authority. Thereafter, the original share certificate would automatically stand cancelled and deemed non-negotiable or not tradeable and there would be no holding under the registered Folio of the holder. Please note that no claim shall lie against the Company in respect of unclaimed dividend amount and shares transferred to IEPF pursuant to the IEPF Rules.
In terms of Section 124 (6) of the Companies Act, 2013 and Rule 7 of the IEPF Rules, you may claim both the unclaimed / unpaid amounts and the shares from IEPF Authority
You may submit the required documents as mentioned on the IEPF website to the Nodal Officer of the Company(retain the copies of the same with you) alongwith the original share certificate(s) for claiming the shares / dividends from the IEPF Authority. On verification of the documents, if the same are found complete in all respects, the Nodal Officer of the Company will issue an Entitlement Letter.
You may, thereafter, lodge the Claim with the IEPF Authority by filing an application on MCA website at www.iepf.gov.in. Thereafter, you are required to forward to the Nodal Officer of the Company the hard copy of the abovementioned Form IEPF-5 duly signed (as per the specimen signature recorded with the Company)along with the requisite documents.
The Rules and the Application Form (Form IEPF-5), as prescribed by the MCA for claiming the shares / dividend are available on the website of MCA at www.iepf.gov.in.
1. No claim shall lie against the Company in respect of unclaimed dividend amount and shares transferred to IEPF Authority pursuant to the said Rules.
2. Post transfer of securities to the IEPF Authority, all subsequent corporate benefits accruing on themshall also be credited in favour of the demat account of IEPF Authority and you can claim the benefits from them.
Investors are informed that after verification of the documents submitted and in case of change in signature / non-availability of signature / inability to sign due to old age or health problem / difference in name / requirements related to enhanced due diligence, additional documents will be called for, viz. Affidavit, Government Gazette, proof of identity / address, PAN and bank details, and such other additional procedures / documents, as applicable.
Investors are advised to submit an attested copy of any one of the following documents in case of mismatch in name on PAN Card, Aadhaar Card, supporting documents vis a vis Security Certificate, Company’s Record.
Yes, you can. Provided the amount is found to be outstanding and not transferred to the General Revenue Account of the Central Government or the Investor Education and Protection Fund (Refer XII for details)and the account is KYC compliant.
In case your account is KYC compliant, you may send the outdated instrument to us, to facilitate remittance of the payment.
You may open an account with a depository participant (DP) of your choice. As an investor you will interact with National Securities Depository Limited (NSDL) or Central Depository Services Limited. (CDSL) through your Depository Participant.
Your DP will update your account after each transaction and would periodically furnish you with a statement of holding. You may verify this with them at the time of opening your electronic account.
To dematerialize your holding, you should first have an account with a DP of your choice. You may then hand over to your DP, the certificates along with the 'Dematerialization Request Form' (DRF). Only the securities registered in your name can be submitted for dematerialization. Your DP will then send the DRF and the certificates to us and an electronic request will also be sent through the NSDL/CDSL network reconfirming the same. We will verify the documents and if found in order, the dematerialization request will be confirmed to NSDL/CDSL who will in turn inform your DP. This process would take approximately 15-20 days.
All the corporate benefits such as dividend, interest, bonus shares, rights shares will be issued by the Company to the beneficial owners i.e. the accountholders who hold the securities in electronic form. The dividend/interest amounts as and when declared / issued will be sent to you / your bankers directly. The entitlement of rights and bonus shares / debentures wherever applicable, will be credited to the beneficiaries’ accounts as per the investors' option and the terms of the issue.
You may buy and sell securities in electronic form through the depository by coordinating with your broker and your DP. Such transactions would be simpler and faster. Payments for such transactions would be made in the same way as is done for physical certificates. Securities purchased in electronic form are credited to your account with no formalities of filling transfer forms or applying to the Company for registration. All such transactions are exempt from stamp duty and accordingly no share transfer stamps are required to be affixed.
Such transactions are not routed through the Company and the debit/credit takes place directly in the Depository System. However, corporate benefits would be paid by the Company to the person holding such securities on the Record date/Book closure date, as applicable.
Please ensure that your folio is KYC compliant. For more details on KYC compliance, please refer to point I above.
i. For Individuals, consequent to marriage / divorce / attaining majority
1. Legible copy of the documents mentioned below, in respect of each name change,
duly attested by Notary Public / Bank Manager / First Class Magistrate. Attestation
by Notary Public / First Class Magistrate should mention their name, full address,
registration number and affix their seal, Notarial / Court Fee stamps, as applicable.
Attestation by Bank Manager should bear the name, full address and official stamp
of the bank.
The name on the documents submitted should be the same as that on the securities.
Marriage- Legally recognized Marriage Certificate / Government Gazette
Divorce- Divorce Decree
Attaining Majority-Birth Certificate / School Leaving Certificate
2. Original certificates for the securities.
3.Application Form for Transmission duly completed and signed by the holder(s) whose signature(s) should be attested by his/their Bank Manager under his name, full address and official stamp of the bank. This form can be downloaded from our website.
4. Self-attested copy of PAN Card of the holder(s).
ii. For Corporates consequent to change in name of the Company
For securities held in physical form, please submit the following:-
1. Letter duly
signed by the authorized signatory/trustee supported by the certified true copy
of the documents mentioned below in respect of:
Corporate Body- Certificate of Incorporation along with Memorandum and Articles of Association. The Board Resolution signed by the Company Secretary/Directors on the letter head of the Company empowering the signatories to sign on behalf of the Company along with the specimen signatures of the Authorized Signatories is also to be submitted.
Trust- Certificate of Registration along with the Trust Deed. The Resolution signed by the Secretary/Trustee on the letter head of the Trust empowering the signatories to sign on behalf of the Trust along with the specimen signatures of the Authorized Signatories is also to be submitted.
Society- Certificate of Registration along with their Bye Laws/ Rules & Regulations. The Resolution signed by the Secretary/Trustee on the letter head of the Society empowering the signatories to sign on behalf of the Society along with the specimen signatures of the Authorized Signatories is also to be submitted.
2. Original certificates for the securities.
3. Application Form for Transmission duly completed and signed by the Authorized Signatories. This form can be downloaded from our website.
4. Certified true copy of PAN Card of Corporate Body/ Trust/ Society.
In case a change in address is to be noted, the request to this effect should be supported by the certified true copy of Form No.18 / INC 22 filed with the Registrar of Companies for change in the registered office address.
Investors are informed that after verification of the documents submitted and in case of change in signature / non-availability of signature / inability to sign due to old age or health problem / difference in name / requirements related to enhanced due diligence, additional documents will be called for, viz. Affidavit, Government Gazette, proof of identity / address, PAN and bank details, and such other additional procedures/documents, as applicable.
Investors are advised to submit an attested copy of any one of the following documents in case of Mismatch in Name on PAN Card vis a vis Security Certificate / Application Form for Transmission -
The process of deleting a deceased person's name from the Company's records as well as from the certificates, in case of joint holders, is called name deletion. Transmission process is due to operation of law whereby securities are transmitted to different names, based on marriage certificate / divorce decree / Court Order etc.
The process by which a single certificate is issued in lieu of multiple share certificates of smaller denominations submitted by the holder is called Consolidation. The denomination of the single certificate issued will be the sum of the smaller denominations of the multiple certificates, provided they are under the same folio.
The process by which the holder can merge the holdings of multiple folios (provided the names are identical and are in same order) into a single folio is called Amalgamation.
The process by which multiple certificates are issued in lieu of a single certificate is called Split. The sum of the denominations of the multiple certificates issued will be that of the single certificate.
When the face value of the share of a Company is split into smaller denominations, the share is said to be subdivided viz. a share of Rs.100/- each may be subdivided into 10 shares of Rs.10/- each.
Whenever a Company buys another Company or companies or performs a deed whereby the shareholders of the acquired Company automatically become the shareholders of the parent company then such an activity is called a Merger.
This is a process whereby the holdings held in physical form are converted to Electronic form.
In a Company Fixed Deposit, a certain sum of money is deposited with a company which is registered under the Indian Companies Act for a specified period of time, usually 1 to 3 years, for earning a fixed rate of interest. Companies offer attractive rates of interest under their Schemes for varying periods either on cumulative or non-cumulative basis. Tax will be deducted at the source, if the interest income earned by a Depositor exceeds Rs.5000/- in a Financial Year as per the current rules.
Individuals either singly or jointly can apply for investing in a Company FD. The First holder is considered for the purpose of payment of interest and tax. Apart from individuals, some companies also accept FDs from HUFs, Trusts, Associations, as per the terms of the scheme.
Usually PAN Card details of the sole/first applicant are collected by Companies for Tax purposes. Under the current Income Tax Rules, if PAN is not provided to the Company, the Company will have to deduct Tax at a higher rate and TDS exemption will not be available even if a declaration is submitted.
Usually, two types of FD scheme are on offer: # Cumulative Scheme: In a cumulative scheme interest as well as the principal amount is paid only on the maturity of the FD. Interest accrued on the FD is compounded monthly/quarterly etc. as per the FD Scheme. # Non-Cumulative Scheme: In Non-cumulative scheme the interest is paid in a periodical manner as per the terms of the FD scheme (Monthly, Quarterly, Half-yearly and yearly basis). The principal amount is paid on maturity.
The minimum amount may vary from company to company depending upon their Scheme.
Yes, FD receipt is issued to the Applicant giving all the terms and conditions of the Fixed Deposit.
Generally most Companies offer extra benefits in the form of higher interest rates to Senior Citizens and other special categories. The additional interest rate as well as categories may again differ from company to company, as per the terms and conditions of the Scheme.
No, there is no auto renewal facility available on company FD’s. In order to renew the existing FD, the investor has to send a fresh application along with the duly signed FDR in general 15 days prior to the date of maturity. Renewal of FD and payment of further interest on matured FDs will be at the sole discretion of the company.
The original fixed deposit receipt duly discharged on a revenue stamp of Rs.1/- should be submitted to the Company/Registrars along with a covering letter giving all details to effect the payment.
No. Company FDs are non-transferable.
Yes, the FD amount can be withdrawn before maturity as per the discretion of the Company. However In case of premature withdrawal of FD, interest would be payable as per the provision of the FD Scheme of the Company. Generally Pre-mature withdrawal of FD is not permitted within 6 months.
TDS (Tax Deducted at Source) is deducted from the interest payable on Fixed Deposits, as per the provisions of the Income Tax Act, 1961. If the aggregate interest income that you are likely to earn on your deposits exceeds Rs 5,000 in a financial year, you become liable for TDS.
If you are not a Tax payer, you may submit a Declaration in Form 15G/H for each Financial Year as applicable to you with the registrars before the interest falls due, so as to avoid TDS deduction.
In terms of Section 124 (6) of the Companies Act, 2013 and Rule 7 of the IEPF Rules,
you may claim from IEPF Authority both the unclaimed / unpaid amounts by making
an online application in prescribed Form IEPF-5 and sending the physical copy of
the same duly signed (as per the specimen signature recorded with the Company) along
with requisite documents enumerated in the Form IEPF-5 to the Nodal Officer of the
Company. The Rules and the application form (Form IEPF-5), as prescribed by the
MCA for claiming back the unclaimed FD amounts are available on the website of MCA
at www.iepf.gov.in
Please also note that, No claim shall lie against the Company in respect of unclaimed
amounts transferred to IEPF Authority pursuant to the said Rules.
| R & T: | csg-unit@tcplindia.co.in |
| Fixed Deposits: | fdinquiry@tcplindia.co.in |