What are the provisions for securities resulting from corporate action on investments made through PINs and Non PINS accounts?
Upon any corporate action such as bonus issue on Shares bought in the PINs account, the shares have to be transferred to Non-PINS demat account from PINS account and sold from there. The sale proceeds are credited to the Non- PINS account. Upon sale of shares resulting from any corporate action on shares bought in the Non PINS accounts, the sale proceeds are credited to Non PINS account. In both cases, the acquisition cost of the same is taken as Zero.
