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Why can the company take the bank details on record in case of dematted shares?

April 26, 2017Bank Case COMPANY dematted record Shares

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Why can the company take the bank details on record in case of dematted shares?

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A.As per the Depository Regulations, the company is obliged to pay dividend as per the details ofdematshareholders furnished by the concerned Depository Participant. The company cannot make any change in such records received from the Depository.