How will I received Corporate Benefit – Dividend, Bonus or Rights Issue?
In case the company in which a beneficial owner holds shares in demat form announces any corporate benefits like bonus, dividend etc. the beneficial owner will receive the same directly in his demat account or bank account Pins NRE,Non-Pins NRE,Pins NRO, Non-Pins NRO from which ever a/c the client has acquired the shares depending on the nature of the benefit. For payment of dividend etc., the company/registrar takes a list of beneficial owners from NSDL as on the record date/book closure date. Based on this list, company makes payment of dividend. If the company is making the payment through ECS, the company will directly credit the dividend to the bank account registered by the beneficial owner with the DP under intimation to the beneficial owner. If the company is making the payment through a cheque/DD, the bank details will be printed on the dividend warrant. The mode of payment of dividend etc is decided by the company itself. In case of a bonus declaration by a company, the bonus
