Issuers Services
The Shares Registrar informs the Securities Exchange and CDSC in writing of the Entitlement Date in respect of dividend payment.
Following settlement of all transactions that took place on or before the last cum-date, CDSC provides the Shares Registrar with an Entitlement Schedule with respect to shareholders registered as at the Entitlement Date. The Shares Registrar then effects payment of dividends to its shareholders.
The Shares Registrar informs the Securities Exchange and CDSC in writing of any proposed Bonus Issue and the Entitlement Date.
Following settlement of all transactions that took place on or before the last cum-date, CDSC provides the Shares Registrar with an Entitlement Schedule with respect to shareholders registered as at Entitlement Date.
The Shares Registrar then submits to CDSC an Allotment Schedule.
At the close of Business Day before the listing of the new shares, CDSC credits the clients CDS with the number of Bonus Securities allotted to them.
A shareholder may take up the option to buy the shares or sell the Rights to other investors.
Rights holders not in the CDSC, but wishing to trade their Rights will have to open a Securities Account and deposit their Provisional Allotment Letters. Rights will be traded and settled in the normal trade cycle of T+3.
After the close of the processing period the Issuer will forward to the CDSC an upload file that will contain the list of Securities Account holders who have been allotted shares after exercising their rights as well as those who have been allotted excess shares. At the close of one business day before trade date, CDSC will credit the clients Securities Accounts with the number of Securities as per the upload file, and make available to the Issuer a download file thereafter.
Following settlement of transactions effected on the trading floor on the last trade date, CDSC will provide a Trade Schedule / share movement report to the Issuer for the trading period of the rights. In case of transfer of rights between securities accounts a report will also be provided.
CDSC also provides the Shares Registrar with reports such as:
The Client will, if he already has a securities account in the CDS, indicate the account number on the application form. If he does not already have an account, he opens one and the number is indicated on the application form.
Upon completion of an IPO, the Shares Registrar provides CDSC with an allotment schedule indicating the respective CDS account numbers. Thereafter at the close of the Business Day and before the trade date CDSC credits the client securities account with the number of shares allotted to them as per the allotment schedule.
A new issues schedule is made available to the Shares Registrar who in turn will register the securities as per that schedule in the name of CDSC and generate a Securities Certificate which will then be forwarded to CDSC.
