Dematerialisation of Shares Sample Clauses

Dematerialisation of Shares. The shares of the company are compulsorily to be traded in the Stock Exchanges in dematerialized form. 99.98% of the equity shares of the Company are in electronic form as on March 31, 2022. During the year 2021-22, 2,000 shares were dematerialized. The distribution of shares in physical and electronic modes as at March 31, 2022 and March 31, 2021 is as per below: Categories Position as at March 31, 2022 Position as at March 31, 2021 No. of Shares % to total shareholding No. of Shares % to total shareholding Physical 42,950 0.02 44,950 0.03 Demat: NSDL 15,60,99,720 88.69 15,73,87,241 89.42 CDSL 1,98,57,330 11.28 1,85,67,809 10.55 Sub-total 17,59,57,050 99.98 17,59,55,050 99.97 Total 17,60,00,000 100.00 17,60,00,000 100.00 xiv. Dividend Distribution Policy In terms of Regulation 43A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), Company has formulated a dividend distribution policy. The said policy is available on the website of the Company at xxxx://xxx. xxxxxxxxxxx.xxx
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Dematerialisation of Shares. The Parties hereby agree that, prior to the Closing, the Company and the Selling Shareholders will use their best efforts to dematerialise the Sale Shares and the Selling Shareholders shall take all actions as are necessary to enable the transfer of the Sale Shares in dematerialised form; provided that if such dematerialisation does not occur prior to the Closing Date, the transfer of the Sale Shares shall be effected in physical form and the deliveries in Section 3.2(a)(i) shall be construed accordingly.
Sample 1
Dematerialisation of Shares. The shares of the company are compulsorily to be traded in the Stock Exchanges in dematerialized form. 99.98% of the equity shares of the Company are in electronic form as on March 31, 2024. During the year 2023-24, 9,100 shares were dematerialized. The distribution of shares in physical and electronic modes as at March 31, 2024 and March 31, 2023 is as per below: Categories Position as at March 31, 2024 Position as at March 31, 2023 No. of Shares % to total shareholding No. of Shares % to total shareholding Physical 31,850 0.02 40,950 0.02 Demat: NSDL 15,38,28,623 87.40 15,38,22,524 87.40 CDSL 2,21,39,527 12.58 2,21,36,526 12.58 Sub-total 17,59,68,150 99.98 17,59,59,050 99.98 Total 17,60,00,000 100.00 17,60,00,000 100.00 xiv.Dividend Distribution Policy In terms of Regulation 43A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), Company has formulated a dividend distribution policy. The said policy is available on the website of the Company at https:// xxxxxxxxxxxxx.xx/xxxxxxxx-xxxxxxxxx 78 43 rd Annual Report 2023-24 xv. Outstanding GDRs/ADRs/Warrants or any convertible instruments, conversion date and likely impact on equity: The Company has not issued any GDRs/ADRs/Warrants or any convertible instruments in the past and hence, as on March 31, 2024, the Company does not have any outstanding GDRs/ADRs/Warrants or any convertible instruments.
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Related to Dematerialisation of Shares

  • Description of Shares The beneficial interest in the Trust shall be divided into Shares, all without par value. The Trustees shall have the authority from time to time to issue or reissue Shares in one or more Series of Shares (including without limitation the Series specifically established and designated in Section 4.2), as they deem necessary or desirable, to establish and designate such Series, and to fix and determine the relative rights and preferences as between the different Series of Shares as to right of redemption and the price, terms and manner of redemption, special and relative rights as to dividends and other distributions and on liquidation, sinking or purchase fund provisions, conversion rights, and conditions under which the several Series shall have separate voting rights or no voting rights. The Shares of each Series may be issued or reissued from time to time in one or more Classes, as determined by the Board of Trustees pursuant to resolution. Each Class shall be appropriately designated, prior to the issuance of any shares thereof, by some distinguishing letter, number or title. All Shares within a Class shall be alike in every particular. All Shares of each Series shall be of equal rank and have the same powers, preferences and rights, and shall be subject to the same qualifications, limitations and restrictions without distinction between the shares of different Classes thereof, except with respect to such differences among such Classes, as the Board of Trustees shall from time to time determine to be necessary or desirable, including without limitation differences in expenses, in voting rights and in the rate or rates of dividends or distributions. The Board of Trustees may from time to time increase the number of Shares allocated to any Class already created by providing that any unissued Shares of the applicable Series shall constitute part of such Class, or may decrease the number of Shares allocated to any Class already created by providing that any unissued Shares previously assigned to such Class shall no longer constitute part thereof. The Board of Trustees is hereby empowered to classify or reclassify from time to time any unissued Shares of each Series by fixing or altering the terms thereof and by assigning such unissued shares to an existing or newly created Class. Notwithstanding anything to the contrary in this paragraph the Board of Trustees is hereby empowered (i) to redesignate any issued Shares of any Series by assigning a distinguishing letter, number or title to such shares and (ii) to reclassify all or any part of the issued Shares of any Series to make them part of an existing or newly created Class.

  • Subscription of Shares For the sum of U.S.$25,000, which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall register the Shares in the name of the Subscriber on the register of members of the Company. All references in this Agreement to Shares being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law.

  • Conversion of Shares (a) At the Effective Time, by virtue of the Merger and without any further action on the part of Parent, Merger Sub, the Company or any stockholder of the Company:

  • Aggregation of Shares If after the date hereof, and subject to the provisions of Section 4.6 hereof, the number of outstanding shares of Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

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