Muds

Investor Education and Protection Fund guidelines for collecting overdue amounts and shares (IEPF) and IEPF Claim Shares The Investor Education and Protection Fund (IEPF), formed by the Central Government under section 125 of the Companies Act, 2013, outlines the idea and method for collecting unpaid payments and shares (the Act). While preparing these guidelines, we only considered dividend and equity share claims; however, under the Act, any person whose shares, unclaimed dividends, matured deposits, matured debentures, application money due for refund, or interest thereon, sale proceeds of fractional shares, redemption proceeds of preference shares, or other property has been transferred to the Fund may claim the shares under the provisions of sub-section (6) of section 124 or apply for a refund under section 124. Procedure For IEPF claim shares The person whose name any amount/share has been transferred to the IEPF (shares from iepf) can apply online to the Authority established by...

The process of changing physical shares and securities into digital or electronic form is known as dematerialisation or demat of shares. Let's take a closer look at the concept of dematerialization ( demat of shares ). The Securities and Exchange Board of India, better known as SEBI, has two depositories: Central Depository Services India Limited (CDSL) and National Securities Depository Limited (NSDL).   Why is Dematerialization (demat of shares ) Needed?   It might be difficult to keep track of all the paper paperwork. Furthermore, the growing number of papers may result in the loss of an important document. It has the potential to bring down the Indian stock market and any firms linked to it. Furthermore, stamp duty is reduced by 0.5 percent when a share is transferred. Dematerialized (demat of shares) shares get credits and bonuses directly into their account, with no risk of loss in transit and lower interest rates on loans linked with Demat accounts. Process...

The Act establishes the following conditions for an external member: the participant must be a representative of an NGO or a social organisation dedicated to the cause of women, as well as someone with expertise dealing with sexual harassment cases. OR   A person with a legal basis with knowledge and competence in the area of sexual harassment of women might be an external member for posh .   Who Is Known As ‘External Member For Posh’? According to current trends, most organisations seek a woman who: a) Is a legal specialist with extensive knowledge of POSH legislation. b) Has the knowledge, abilities, and competence to successfully handle sexual harassment situations and complaints. b) Is well-versed in the legal issues and consequences of sexual harassment.   Who Is Known As ‘External Member For Posh’? The preference for an outside member of the legal field is particularly advantageous since each organisation must develop its own standards, and given...

India successfully accepted the demat of shares system, and there are plans to make demat trading available for practically all financial assets in the future that is creating demat of shares.   The dematerialisation ( demat of shares ) idea was developed in the Indian Financial Market to alleviate the hazards associated with share trading in paper format. Dematerialisation demat of shares, or Demat, is the process by which an investor's physical share certificate is transformed to an electronic format and stored in a Depository Participant account. India successfully accepted the demat system, and there are plans to make demat trading available for practically all financial assets in the future. We will try to comprehend the demat process and its benefits from the standpoint of a regular investor in this post.   What is it? The required to transform physical shares into electronic forms is known as dematerialisation (demat of shares). To dematerialize (demat of shar...

There's a strong likelihood that if you had stock before the internet and online brokerages, you had a share certificate to prove it. A actual piece of paper called a share certificate was given to shareholders when a corporation sold shares of its stock. However, because the electronic trail has supplanted the exchange of paper shares certificates , share certificate have become obsolete.   If you require actual documentation of your investment, though, keep reading to learn how to obtain a share certificate.   KEY TAKEAWAYS The physical share certificate has become obsolete due to electronic trading. A share certificate can still be obtained from the issuing business or a broker. Brokerage firms keep track of the quantity of shares you own in an account in your name. Share certificate that are no longer valid may be valuable as ornamental items.   ShareCertificates Are No Longer Necessary After a while, each American cor...

  A challenge was recently filed in the Supreme Court contesting guidelines given by the Bombay High Court in cases brought underneath the Protection of Women from Sexual workplace Harassment posh act 2013. ·         The challenged clause prohibits parties and lawyers from discussing records, especially orders and judgements, with the media. ·         The rules were drafted by Justice G.S. Patel of the Bombay High Court in order to safeguard the names of the parties in a posh act 2013 case. Key Points ·         Petitioner's Arguments: Against the Spirit of Article 19: The petitioner contended that a blanket ban violates Article 19's guarantee of freedom of speech and expression. According to the petition, a well-informed public governs themselves better. The right to free expression may only be limited if it interferes with the administration of justice. §   Any ...

  Internal Complaints Committee (ICC)   The posh at work Act requires every organisation with ten (10) or more workers to form an Internal Complaints Committee by written order. The internal complaints committee will have sufficient authority to examine sexual harassment accusations and resolve them in accordance with the posh at work Act andposh at work Rules. If an organisation has many administrative divisions in various places, the internal complaints committee must be formed in each of them.   If the organisation has fewer than ten (10) workers, it is not required to form the internal complaints committee, and any sexual harassment accusations will be directed to the local complaints committee, which is established by district officials in each district in compliance with the posh at work Act.   Sexual harassment in the workplace is an extremely delicate subject that must be addressed with the utmost care, patience, and understanding. As a result, it ...