Discuss the procedural requirements which a listed entity needs to delegate to a Share Transfer Agent to deal with unclaimed shares.

The listed entity may delegate the following procedural requirements to a share transfer agent so as to deal with unclaimed shares: i. Reminders to be sent The listed entity shall send at least three reminders at the address registered as per the following criteria: For shares in physical form, reminders shall be sent to the address given in the application form as well as last available address as per listed entity's record. For shares in demat form, reminders shall be sent to the address captured in depository's database or address given in the application form, in case of application made in physical form. ii. Procedure in case of non-receipt of response to reminders For shares in demat form, the unclaimed shares shall be credited to a 'Demat Suspense Account' with one of the Depository Participants, opened by the listed entity for this purpose. For shares in physical form, the listed entity shall transfer all the shares into one folio in the name of "Unclaimed Suspense Account" and shall dematerialise the shares held in the Unclaimed Suspense Account with one of the Depository Participants. The listed entity shall maintain details of shareholding of each individual allottee whose shares are credited to such demat suspense account or unclaimed suspense account, as applicable. The demat suspense account or unclaimed suspense account, as applicable shall be held by the listed entity purely on behalf of the allottees who are entitled to the shares and the shares held in such suspense account shall not be transferred in any manner whatsoever except for the purpose of allotting the shares to the allottee as and when he/she approaches the listed entity. Provided that all such shares, in respect of which unpaid or unclaimed dividend has been transferred under Section 124 (5) of the Companies Act, 2013, shall also be transferred by the listed entity in accordance with Section 124 (6) of the Companies Act, 2013 and rules made thereunder. iii. Procedure in case of claim by allottee As and when the allottee approaches the listed entity, the listed entity shall, after proper verification of the identity of the allottee either credit the shares lying in the Unclaimed Suspense Account or demat suspense account, as applicable, to the demat account of the allottee to the extent of the allottee's entitlement, or deliver the physical certificates after re-materialising the same, depending on what has been opted for by the allottee. Provided that the rematerialising of the physical certificates shall be done only in case where the shares were originally issued in physical form.