Initial Public Offers

The Client will, if he already has a securities account in the CDS, indicate the account number on the application form. If he does not already have an account, he opens one and the number is indicated on the application form.


Upon completion of an IPO, the Shares Registrar provides CDSC with an allotment schedule indicating the respective CDS account numbers. Thereafter at the close of the Business Day and before the trade date CDSC credits the client securities account with the number of shares allotted to them as per the allotment schedule.

A new issues schedule is made available to the Shares Registrar who in turn will register the securities as per that schedule in the name of CDSC and generate a Securities Certificate which will then be forwarded to CDSC.

Bonus Issues

The Shares Registrar informs the Securities Exchange and CDSC in writing of any proposed Bonus Issue and the Entitlement Date.


Following settlement of all transactions that took place on or before the last cum-date, CDSC provides the Shares Registrar with an Entitlement Schedule with respect to shareholders registered as at Entitlement Date.


The Shares Registrar then submits to CDSC an Allotment Schedule.


At the close of Business Day before the listing of the new shares, CDSC credits the clients CDS with the number of Bonus Securities allotted to them.

Dividends

The Shares Registrar informs the Securities Exchange and CDSC in writing of the Entitlement Date in respect of dividend payment.

Following settlement of all transactions that took place on or before the last cum-date, CDSC provides the Shares Registrar with an Entitlement Schedule with respect to shareholders registered as at the Entitlement Date.

The Shares Registrar then effects payment of dividends to its shareholders.

Rights Issues

The Shares Registrar informs CDSC of:

  • The Rights Issue,
  • The Entitlement Date,
  • The period during which the Rights will be traded, and
  • The opening and closing dates of application.

Following settlement of all transactions that took place on or before the last cum-date, CDSC provides the Shares Registrar with an Entitlement Schedule with respect to shareholders registered as at the Entitlement Date. The Shares Registrar forwards Provisional Letters of Allotment (PAL) for Securities Account holders indicated on the list.

The Shares Registrar submits to CDSC a Rights Allotment Schedule
On the Business Day before the trade date of Rights, CDSC credits the relevant Securities Account with the number of Rights as per the Rights Allotment Schedule.

Ad Hoc Reports

CDSC also provides the Shares Registrar with reports such as:

  • List of holders - on a monthly basis.
  • Share movement report - on request.
  • Top shareholders for all client categories.
  • Lists of immobilized certificates on request.