Issue of split and bonus shares
haridas
(Querist) 28 December 2012
This query is : Resolved
Hi,
when request is sent for issue of split and bonus share what is the time schedule for RTA/company to issue the same and whether the bonus share certificates can be sent thru UPC ( under postal certificate -nothing but ordinary post)
If company takes abnormal time(more than 45days) to dispatch the certificates meantime equity market finds raise and down whether suit/case,if so under which section can be lodged against the RTA/company whether one can approach consumer court Plz help me
regards
Advocate Ramesh
(Expert) 04 January 2013
Now a days all shares will be held in d-mat form. Only if the shares is in d-mat account then only you can sell in market. If it is in physical form, you are not able to sell even market raise or down. If the shares in d-mat automatically bonus and split will be taken place. So your question of market raise or down does not arise. So you can lodged complaint against company. But you can give complaint to sebi to see whether any irregularity happends in that stock.
prabhakar singh
(Expert) 04 January 2013
NO REMEDY FOR SUIT.MAY BE YOU TRY FOR COMPLAINT BEFORE FORUM FOR INORDINATE DELAY.
TRY BETTER ONLY YOU ALREADY HAVE A DEMAT A/C,BECAUSE WITHOUT IT COMPLAINT OF DELAY WOULD BE USELESS EXERCISE AS NO EXCHANGE OF BUYING OR SELLING CAN TAKE PLACE UNLESS YOU HAVE A DEMAT A/C.
Raj Kumar Makkad
(Expert) 04 January 2013
I have nothing to add in the wise replies.
