Investors Desk

Share holder Services

 

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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