Mention disclosures to be made by a listed company with respect to Demat Suspense Account.
CS Professional · Governance, Risk Management, Compliances and Ethics · PYQS · December 2022
Mention disclosures to be made by a listed company with respect to Demat Suspense Account.
Answer & Explanation:
The listed entity shall disclose the following details in its annual report, as long as there are shares in the demat suspense account or unclaimed suspense account, as applicable: (a) Aggregate number of shareholders and the outstanding shares in the suspense account lying at the beginning of the year; (b) Number of shareholders who approached listed entity for transfer of shares from suspense account during the year; (c) Number of shareholders to whom shares were transferred from suspense account during the year; (d) Aggregate number of shareholders and the outstanding shares in the suspense account lying at the end of the year; (e) That the voting rights on these shares shall remain frozen till the rightful owner of such shares claims the shares.
Topics: SEBI (LODR) Regulations, 2015
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