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Transfer of Shares
We suggest you to buy or sell your shares
only through recognized share brokers duly
registered with stock exchanges. Please ensure
that broker's stamp along with his SEBI registration/code
no. is affixed on the reverse of the transfer
deed delivered to you. This will safeguard
your interest in case the transfer documents
delivered by the broker turn out to be a
bad delivery.
For transfer of shares in your name, please
fill in all columns of the transfer deed
properly, sign the same at appropriate places
as transferee and affix adequate share transfer
stamps at present (@ 0.5% of the market value
of shares) on the date of execution of the
transfer deed.
If you receive delivery of shares from your
broker, where the transferor has signed through
a Constituted Attorney, please check that
the registration number of the Power of Attorney
is also mentioned on the reverse of the transfer
deed. Such registration number is given by
the Company when an investor seeks registration
on the strength of a transfer deed signed
by his Constitutional Attorney.
Similarly if you are seeking transfer of
shares in your name on the strength of a
transfer deed signed by your Constitutional
Attorney, please don't forget to attach the
necessary Power of Attorney duly notarised
and obtain a registration number from the
Company. However, if you have already registered
such Power of Attorney with the Company in
respect of a previous transfer, you can mention
the registration number of such Power of
Attorney in the covering letter.
Please include pin code number while writing
your address on the transfer deed and the
address should be complete. Incorrect / incomplete
address may lead to non-delivery of your
dividend warrants or any other communications
from the company.
Wherever possible, please mention your telephone/fax
nos/email address in the forwarding letter
so that we may contact you in case any minor
rectification is required in the transfer
documents lodged by you. This may obviate
the need for us to return the documents to
you under objection.
We advise you to register your shares in
joint names only in order to avoid difficulties
in future in the unfortunate event of the
death of the single named shareholder.
We advise you to keep two photocopies of
share certificates, transfer deeds and other
documents, if any, the covering letter as
also the postal registration slip or hand
delivery receipt, as the case may be, when
you lodge the shares with the Company for
transfer. This helps you and the Company
in disposal of any future query. This also
helps you in having with you the specimen
signature record.
If you are existing shareholder and are
lodging further shares for transfer in the
name order of joint holders, we advise you
quote your folio number in the transfer deed
so that we can register the shares in the
same folio.
If you wish that there is no delay in delivery
of your shares/dividend /future communication,
we request you to give complete address with
Pin Code number. If you provide your contact
number in the covering letter we can even
contact you, if need arises, for clarification
of any doubt.
If you want to change your specimen signature
with us, you can send your revised signature
duly attested by your banker.
If you are a non-resident, you have to attach
the approval of the Reserve Bank of India,
as applicable, alongwith the transfer deed
and the share certificates while lodging
your request for transfer with us. You should
also give particulars of your NRO/NRE bank
account alongwith the name and address of
the bank to enable us to remit your dividend.
All transfer requests are processed by our
share transfer agent within an average period
of four weeks. If you do not receive any
response from them within 30 days of lodging
the transfer request, please write/contact
us with details of documents so that necessary
investigations can be done to protect your
interest against any possible loss / interception
during postal transit.
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Transmission of shares
If there is a death of any of the joint
shareholder, the remaining shareholders can
submit a certified copy of the death certificate
of the deceased shareholder alongwith the
relevant share certificates. Thereupon the
name of the deceased can be deleted from
the company's records and the certificates.
If the shares are held in single name, the
successors or beneficiaries under a Will
executed by the deceased would be persons
in whose favour the title of shares would
be transmitted. In order to expedite transmission
of shares in such cases, please submit the
share certificates along with Succession
Certificate or Probate of the Will or Letters
of Administration as applicable.
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Transposition of shares
If you wish to change the order of names
of the registered holders you can make request
for the same, duly signed by all joint shareholders,
in respect of the entire shareholding. For
this you have to also submit original share
certificates. Please note that there is no
stamp duty for transposing of shares.
Conversion of single holding into joint holding
Such requests, including
transfers within the family
amount to transfer as these
lead to a change in the
pattern of ownership and,
therefore, have to be accompanied
by a transfer deed duly
executed and stamped along
with original share certificates.
If you wish to convert your single holding
into joint holding, you have to follow the
procedure for transfer of shares hereinabove
mentioned.
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Change of names of shareholders
If you have changed your name and wish to
make any correction, you are advised to send
following individual documents.
A copy of notification published in an Official
Gazette / Newspaper,
An affidavit duly sworn on a stamp paper
of appropriate value,
The new specimen signature duly attested
by your banker.
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Change of names of companies
If shares are held in the name of a company
and the change in it's name takes place,a
certified copy of the Certificate of Incorporation
consequent to Change of Name issued by the
Registrar of Companies is required alongwith
share certificate for affecting the change
of name in the share certificate.
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Change of names consequent upon
marriage / divorce
For affecting the change, Marriage Certificate
/ Divorce Decree, Specimen's signature duly
attested by the banker and the share certificate
are required.
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Change of address
You can change your address by making a
written request quoting your folio no. and
ensuing that your signature appearing in
such request is as per the specimen signature
recorded with us. In case of joint holding,
all the joint holders should sign such request
in same order as registered with the company.
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In Case Of Loss Of Certificates
If you lose any share certificate, immediately
intimate us giving details of share certificate
nos, and distinctive nos. of the shares covered
by lost certificates. Such intimation should
be supported by a report (FIR) lodged with
your local Police Station where share certificates
are lost/suspected to be lost.
After hearing from you, we shall advise
you the procedure to be followed for obtaining
duplicate share certificates.
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Consolidation of folios
If you have more than one folio in the same
name or with identical names in the same
order in case of joint holdings, we request
you to write to us immediately along with
the relevant share certificates to enable
us to consolidate such holdings in a single
folio. In case of joint holding such requests
should be signed by all the joint holders.
Such consolidation helps the company in
reducing cost by avoiding multiple communication
from the Company to you and also reduces
the risk of loss/fraudulent interception
of share certificates/dividend warrants/other
documents during postal transit.
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Conversion of odd lots into marketable
lots
The marketable lot for Walchand Capital
Limited shares is 5 and it is advisable that
your share certificates are in marketable
lots. If you wish to convert any of your
share certificates from odd lots into marketable
lots, please forward the same to us alongwith
a written request, duly signed by all the
joint holders in case the shares are held
jointly.
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Important information on dividend
To protect your interest against any fraudulent
interception and encashment of your dividend
warrants, we earnestly request you to provide
us the name of your bank, branch and the
account number, if not already given, to
enable us to incorporate the same in your
dividend warrants.
The Comapny has already transferred all
unclaimed/unpaid dividend upto the financial
year ended 31st march 1995 to the General
Revenue Account of the Central Government
as required by the Companies unpaid dividend
(Transfer to the General Revenue Account
of the Central Government) Rules, 1978.
Pursuant to the provisions of the section
205 A(5) of the Companies Act,1956, dividend
for the financial year ended 31st March 1996
and thereafter remained unclaimed for a period
of seven years from the date of transfer
to the Unpaid Dividend Account will be transferred
by the Company to the Investor Education
and Protection Fund (IEPF) established by
the Central Government.Accordingly the Company
has already transferred unclaimed/unpatd
dividends for the financial year ended 31st
March 1996 to the Investor Education and
Protection Fund (IEPF).
Shareholders who have not yet encashed the
dividend warrant(s) for the financial year
ended 31st March 1997 and onwards are requested
to claim the amount within the stautory time
limit mentioned above.
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Contact Us
Please send all correspondence by quoting
your folio number, including requests for
transfer, transmission, sub-division, consolidation,
change of address, exchange / replacement
of certificates etc., to the following address:
Mr. Vivek Wadhavkar- Compliance
Officer
Walchand PeopleFirst Ltd
1, Construction House,
Walchand Hirachand Marg,
Ballard Estate,
Mumbai - 400 001
Tel : 91-22-2261 8095 / 5931 1951 till 61
Fax : 91-22-22610574
Email : vivek@walchandgroup.com
Or
To Share Transfer Agents
M/s. Computech Sharecap Limited.
"Computech" 147, Mahatma Gandhi
Road,
Fort, Mumbai-400 023
Tel No : (91 22) 22671824 / 25 / 26
Fax No :(91 22) 22670380
Email : helpdesk@computechsharecap.com
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