What is meant by Corporate Action?
At the time of book closure for corporate action, the records of the depository are considered an extension of the Members’ Register maintained by the respective Company Registrar. In other words, the detailed break-up of the CDC’s nominee shareholding is obtained from the records of the depository and shareholder entitlements like bonus, rights, etc. are directly credited to the respective accounts on the basis of the list of beneficial owners provided by CDC. CDS also facilitates the process of Merger, De-merger and Consolidation / Sub-Division in an efficient manner.
