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Corporate Benefits Who will give the corporate benefits arising out of clients holdings to him/her?

April 26, 2017arising Benefits client corporate holdings

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Corporate Benefits Who will give the corporate benefits arising out of clients holdings to him/her?

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• The benefits will be given by the company If at the time of book closure / record date, shares are in client’s broker’s account the company will give the corporate benefits (dividend/bonus) to the broker and the broker has to pass on the same to the client.