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The companies / Registrars concerned would pick up the Bank Account, address and other master details of your depository account on the due date, i.e Record Date or Book Closure.
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Monetary Benefits |
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Incase of benefits such as Dividend, Interest & refunds, and if the company concerned process the same through ECS route, they would arrange to credit your bank account details available on the date of entitlement, i.e Book Closure / Record date.
Also the intimation related to the same would be dispatched to your address available in your demat account on the date of entitlement by the company / registrar concerned.
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Non Monetary Benefits |
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Incase of benefits such as Bonus, Rights etc., the necessary intimations / forms would be dispatched by the company / registrar concerned to the address available in your demat account on the day of entitlement (Book Closure or Record Date as the case may be).
Similarly incase of Open Offers / Buybacks and or any other corporate actions like mergers, demergers, amalgamations etc., the necessary communications would be made to your address available in your demat account on the due / entitlement dates.
Further incase of Buy-backs and Open Offers,the balance shares, if any would be credited back to your demat account directly by the company / registrar concerned.
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Disclaimer:
Whatever have been stated above are in the good interest of the Investor / Demat Applicants / holders to provide a brief picture about the depository system. You are requested go through the guidelines of the depositories before taking any further action. For detailed guidelines, you are requested to approach your nearest HDFC Bank branch. HDFC Bank will not be responsible for any misunderstanding / act based on the above. Also HDFC Bank might ask for additional information / documentation than what has been stated above to process your application / instruction.
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