Major corporate benefits
How do I get myself entitled to corporate benefits?

Major corporate benefits

Normally companies announce corporate benefits at the end of the year on the occasion of their annual general meeting. Based on their past performance, companies declare dividends, bonus shares etc to their shareholders. Sometimes, the companies announce right issue to raise additional capital from the existing shareholders. In the event of non-subscription by the shareholders, a company approaches capital market with a view to raise the funds.

How do I get myself entitled to corporate benefits?

The shares are now maintained electronically by the CDC. These shares may be available in the sub-accounts and/or separate account of the investors known as IAS. The bonus and right shares are directly credited to respective CDC accounts. Similarly the dividend is also credited to respective bank account if the accountholder has given dividend mandate at the time of opening of CDC account.   In case an investor holds shares in physical mode, the bonus/right shares certificates and dividend warrant is dispatched to the investor on his given mailing address. However, in case of physical shares, the investors must ensure that the shares are transferred in his/her own name.