AVT Neelamalai
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Tea Estate

Share Transfer Process

Registrar and Share Transfer Agent : In-House
Stock Exchanges where the shares are listed: Cochin/ Madras
Stock Code: RRP
Shares are held in Physical form
Transfers are effected by execution of transfer deed along with payment of stamp duty @ 0.25%.(ie. 0.25 paise for every Rs. 100/- or any fraction thereof) on the consideration amount as stated in the transfer deed.

It is to be ensured that :
All columns in the transfer deed are properly filled in.
The date of lodgement of shares with the company is within 1 year from the date of presentation of the transfer deed to the prescribed authority mentioned on top of the transfer deed.
The date of execution of the transfer deed is not prior to the date of presentation.
Where the transfer deed is signed by the constituted attorney, registration number & date of the power of attorney is mentioned on the reverse of the transfer deed. If not, a copy of the power of attorney is forwarded along with transfer deed and attested specimen signature of the power of attorney holder.
Alterations, corrections, overwriting in the transfer deed are avoided. If unavoidable, such alterations etc. are authenticated by the transferor(s) / transferee(s).

To avoid delay or non-delivery of share certificates, notices, annual reports, dividends, etc., complete name and address including pin code are furnished.
Transferees mandatorily have to furnish a copy of the PAN card along with documents submitted for transfer of shares in physical form.
Transmission (on death of a shareholder) :
Where shares are held in joint names, for deletion of name of the deceased and transmission of shares to the joint holder(s), an attested copy of the death certificate along with share certificate should be submitted to the company.
Where shares are held in single name, on the death of the shareholder, the legal heir(s) should submit the share certificates along with certified copy of any one of the following documents such as probate, succession certificate or letters of administration granted by a competent court, for transmission.
In the absence of succession certificate or probate or letters of administration, the legal heirs should submit the following along with the relative share certificates.
An attested copy of the legal heirship certificate or An attested copy of the WILL
An Indemnity and Affidavit to be executed in favour of the Company by all the legal heirs in the format prescribed by the Company
A consent Letter is required to be submitted by the other legal heirs relinquishing their rights of entitlement of shares, in case shares are to be transmitted to any one of the legal heirs.
It is always advisable to hold shares in joint names to avoid cumbersome formalities in the event of death of the shareholder.
Where the shares are to be transmitted to the nominee of the deceased shareholder, the nominee should submit the duplicate copy of the nomination form which was sent to the shareholder after registering the nomination, along with an attested copy of the death certificate and share certificate of the deceased and proof of identity/signature/address of the nominee.
In all the above cases, it is mandatory to furnish a copy of the PAN card along with the documents submitted for transmission of shares. This requirement also applies to transposition of shares (Change in the order of names)

NOMINATION

Shareholders can also appoint a Nominee for his/her holdings by executing the prescribed nomination form which can be obtained from the Registered Office of the Company.

ISSUE OF DUPLICATE SHARE CERTIFICATES

Loss of Share Certificates of the Company is required to be notified immediately.
Thereafter the following additional formalities will have to be complied with,
An indemnity and an affidavit , as per draft given by the company, has to be executed by the shareholder.
The loss of share certificates will be intimated to stock exchanges where the shares of the company are listed.
An advertisement regarding loss of share certificates has to be released in a News paper circulating in the Registered Office (Alleppey) and where shares of the Company is listed (Cochin). The expenses are to be defrayed by the shareholder.
Besides the above, a similar advertisement is to be released by the shareholder at the place of his / her dwelling and a copy forwarded to the company.
The company will place the request for issue of duplicate certificates before the board of Directors and issue the same after obtaining approval of the board.

CHANGE OF ADDRESS / BANK DETAILS

Request for change of address / bank details should only be in writing, duly signed by the share holder along with any one of the following documents as proof of change of address / bank details.
1. Ration card
2. Passport
3. Driving license
4. Voter ID
DIVIDENDS

The dividend declared by the company is payable to those shareholders whose names appear in the register of members as on the date of the annual general meeting / record date fixed by the company.
The dividend warrants / cheques are valid for 3 months from the date of the warrant/ Cheques .
Hence, shareholders are advised to encash the dividend warrants/.cheques before the expiry of the validity period.
Where the shareholder has registered a dividend mandate, the dividend warrant/cheque will be sent directly to the bankers for credit to the shareholder's a/c, under advice to the shareholder.
The dividend warrants/cheques will contain the details of banker's name, a/c No. of the shareholder, wherever the details have been furnished by the shareholders.
In the case of shares held in physical form, since the dividend is posted to the address available in the company's register of members, any change in address / bank details etc. should be intimated to the company quoting the Ledger Folio Number, along with proof of change of address.

INVESTOR EDUCATION & PROTECTION FUND

The dividends which remain outstanding will be credited to Investor Education & Protection Fund established by the Central Government, after a period of seven years, pursuant to the provisions of The Companies Act, 1956.The amounts once credited to the above Fund cannot be claimed. Hence it is advisable that the shareholders encash the dividend warrants before the expiry of the validity period.