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General |
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I am a G E Shipping shareholder. How do I obtain more information?
Most questions from shareholders concerning shares of G E Shipping relate to transfer of shares, change of address, account status, replacement of missing dividend cheques, replacement of lost certificates etc.
Registered owners of G E Shipping shares (those share holding either in physical or demat form) can obtain account information by contacting:
G E Shipping's Registrars & Share Transfer Agents
Sharepro Services
912, Raheja Centre
Nariman Point
Mumbai 400021
Note that you will need to provide the following information:- Registered Folio No. - Names of the shareholders- Number of shares held- Client ID & DP ID. .
Can my dividends be directly deposited into my bank account?
Yes. A requisite form needs to be filled in for subscribing to the Electronic Clearing Service. Needless to mention that your bank must be a participant in the ECS. Kindly download the form from the site.
I have lost my share certificate. How can it be replaced?
If your share certificate is lost, stolen or destroyed, you should notify our Registrars & Share Transfer Agents, Sharepro Services immediately so that a Stop Transfer can be initiated. Lost, stolen or destroyed share certificates must be replaced after an Indemnity Bond has been signed.Kindly download the form of indemnity bond from the Forms section.
I recently moved. Whom should I contact for change of address?
If the shares are in physical form kindly notify our Registrars & Share Transfer Agents Sharepro Services of a change in your mailing address. This will reduce the possibility of a delay in receiving your notices, shareholder correspondence, dividend cheques and other important shareholder mailings. If the shares are in Electronic Form (Demat), kindly notify to our Depository Participant (D.P.).
I am not a shareholder. Where can I obtain more information about G E Shipping?
For corporate reports and literature call:
G E Shipping Corporate Communication Dept.at
Phone: 022-66613154.
Email: corp_comm@greatship.com
or
Write to:
G E Shipping Co. Limited
Ocean House, 134/A, Dr Annie Besant Road, Worli, Mumbai - 400018.
When was G E Shipping founded?
G E Shipping was incorporated on 3rd August, 1948.
What is the corporate status of G E Shipping?
G E Shipping is a public listed company incorporated under the Indian Companies Act, 1913.
Where are G E Shipping shares traded?
G E Shipping shares are listed and traded on the Mumbai Stock Exchange and National Stock Exchange, while GDRs are listed and traded at Luxembourg Stock Exchange.
What is the G E Shipping ticker symbol?
BSE: 500620
NSE: EQ GESHIP
Does G E Shipping pay dividends?
What Fiscal Year does G E Shipping follow?
1st April to 31st March.
Who are G E Shipping's auditors?
Kalyaniwalla & Mistry
Who can I contact for information regarding a career at G E Shipping?
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Demat (Dematerialisation) |
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Primary Terms?
The main terms used in the depository system are narrated below:
Depository = Depository is an entity incorporated under the Companies Act, 1956, which has been authorized by SEBI to act as depository. Currently there exist 2 main depositories, namely The National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL). The main depository is akin to RBI in the banking system.
DP = Depository Participant. A DP has to compulsorily be registered with SEBI and can be a participant either of NSDL or CDSL. DPs are akin to Banks in the banking system and maintains securities account in place of money account.
DP ID = Every DP registered with SEBI will have a unique registration number and it is known as DP ID.
Client ID = This is also known as Beneficiary Account /Demat Account number. Like a bank account for money, whenever a security account is opened with any DP, an account number is allotted by the DP is known as Client ID / Beneficiary Account /Demat Account number.
DRF = Dematerialisation Request Form = This form has to be filled in triplicate and submitted to the DP along with the certificate for converting physical securities into electronic form. DRF can be obtained from the concerned DP.
Delivery Instruction Books (DIB) = These slips are to be used for debiting the account with the number of securities sold / transferred. DPs issue pre-printed DIB containing the names of the account holders and the Client ID, to its clients. Investors are advised to use pre-printed DIB and keep the same in safe custody.
ISIN
ISIN stands for International Security Identification Number. Every security in the depository is allotted a unique identification number called ISIN. The ISIN allotted to G E SHIPPING equity share is INE 017A01024.
Shares are traditionally held in physical or paper form. Holding / trading of shares in physical form has certain drawbacks and the said drawbacks are either fully eliminated or minimized largely in the electronic form of holding or trading in shares. Dematerialisation is the process of converting securities held in physical form into electronic form.
Holding shares and other securities in dematerialised (electronic) form has inter-alia the following advantages:
● Speedy execution of transactions viz. sale, purchase, transfer, transmission etc.
● Genuineness of the securities held - no risk of holding fake certificates.
● Less paper work resulting in timely cost savings.
● No stamp duty hence cost savings.
● Risk of bad delivery eliminated.
● Immediate effect to allotment / credit in case of Bonus / Right Issues.
How do I demat my shares?
When you decide to convert your securities held currently in physical form to electronic form, you should approach any DP and open a demat account. You will be allotted a Client ID. Thereafter one should surrender the share certificates to ones DP by filling the DRF. On receipt of the DRF the DP generates the Demat Request Number (DRN) and thereafter will arrange to get the certificate along with the DRF sent to the Company/Share Registrar. The Company/ Share Registrar after due verification confirm the DRN and upon confirmation, the number of securities dematerialised are credited in electronic form to the respective demat account. This process is termed as de-materialisation. One can always reverse this process if one so desires and get the shares reconverted into paper form. This process is termed as re-materialisation.
How can I deal with shares held in electronic form?
Share transactions (like sale or purchase and transfer/transmissions etc.) in the electronic form can be effected in a much simpler and faster way. Like in physical form, sale of securities in electronic form in the Share Exchange has to be carried through a registered broker. After the sale is confirmed by the broker the seller is required to give debit instruction to his DP for debiting the number of securities sold, by filling the Delivery Instruction (DIB).
In case of purchase of securities, after the payout the broker will ask his DP to debit his account and credit the Client account of the purchaser with the number of shares purchased.
What are the charges to be paid for dematting the physical shares and who will bear such cost?
The charges to be borne by the investors are for dematerialisation/ maintaining demat account, transaction charges involving sale/purchase etc. These charges are market determined differ from DP to DP and are usually debited to the designated bank account of the investors.
How do I get my dividends on dematted shares? Will I get the Annual Report after I demat my shares and would I be able to attend the AGM?
The Company will get a download of data of beneficiaries holding shares of the Company in demat form as on a record date. On the basis of this data the Company will send the notice of the meeting, annual report and corporate benefits like dividend/right/bonus etc.
The rights of the shareholders holding shares in Demat form are at par with those holders in physical form.
What are the chances of any fraud / disputes in using a Demat account? Whom should I approach in such cases?
Common risk factors associated with to trading in physical shares like mismatches in signatures, loss in postal transit etc., are absent since the dematted shares are traded in scrip less mode.
However in the unlikely event of any other dispute, the concerned Share Exchange and/or Depository Participant, Depository Custodian viz. NSDL/CDSL or SEBI would need to be approached for resolving specific issues.
Can I pledge my shares in demat form for the purpose of availing any funding/loan arrangement with my bankers?
Pledge of shares in demat mode is very simple. All one has to do is to submit the dully filled in Pledge Creation Form (Form W/ Exhibit 15) to ones DP.
Whom should I contact for queries regarding my demat account?
As your demat account is maintained by the DP, any communication/ intimation regarding change in address, change in bank account details, ECS mandate, registration of nominees etc. as also any query with regard to the demat account should be made to ones DP. Since the Company / Share Registrar has no access to ones depository account any request regarding any of the above subject would be futile.
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Transfer Of Shares - Physical Form |
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I have purchased G E SHIPPING shares. What is the procedure for registration? What is the time frame involved?
After executing the transfer deed with proper stamp duty, kindly send the transfer deed along with the share certificate(s) to the Registrars & Share Transfer Agents. It takes a period of 7 days.
Where should I send the shares for transfer?
Requests for Transfer of Shares should be sent to the Registrars & Share Transfer Agents at the following address:
Sharepro Services
912, Raheja Centre
Nariman Point
Mumbai 400021
I want to add another joint-holder to my shareholding. What is the procedure that I should follow?
Addition of any name means technically transfer of shares. In such cases share transfer procedure needs to be followed.
What is the stamp duty payable on transfer of shares?
Currently, the stamp duty payable is 0.25% of the total consideration of transaction
What are the charges to be paid for dematting the physical shares and who will bear such cost?
The charges to be borne by the investors are for dematerialisation/ maintaining demat account, transaction charges involving sale/purchase etc. These charges are market determined differ from DP to DP and are usually debited to the designated bank account of the investors.
I hold shares in two (or more) folios. Can I consolidate the folios?
Consolidation of folios is possible provided the order of names (in case of joint holdings) is identical in all the folios. A letter under the signature of all the holders will suffice the requirement. No share transfer deed is required to be executed in such cases.
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Transmission Of Shares |
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In case of joint holdings, in the event of death of one shareholder, how do the surviving shareholders get the shares in their names?
In case of death of any joint shareholder, an application has to be made to the Company along with a certified copy of the Death Certificate. The Company shall on receipt of the death certificate along with a request letter and all share certificates, delete the name of the deceased shareholder and return the share certificate(s) duly endorsed in favour of the remaining shareholder(s).
If a shareholder holding shares in his sole name dies without leaving a will, how can his legal heir/s (either husband/wife/son/daughter) get the shares transmitted in their names?
In such a situation it is very difficult to prove the ownership of estate of the deceased member. Following documents along with the share certificate(s) need to be submitted to the Company for transmitting the shares:-
Request for transmission in writing
Certified copy of the Death certificate
Certified copy of any one of the following:
● Letter of Administration from court, if applicable
● Succession Certificate, if applicable
● Title Claim, if required and
● No Objection from the other legal heirs, if any.
The Company may however also consider transmission of shares without receiving any of the documents mentioned at 'C' above on receipt of an Indemnity Bond on stamp paper of Rs. 200 and an Affidavit on stamp paper of Rs. 20.
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Dividend |
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I have not received my dividend. What action do I take?
You may please write to the Registrars & Share Transfer Agents furnishing the particulars of the dividend not received. Please also quote your folio number/ DP ID & Client ID particulars (in case of dematted shares). After verification, duplicate dividend warrant will be issued in case the dividend remains unpaid as per the records of the Company.
What is the procedure for obtaining a duplicate dividend warrant?
If the validity period of the original dividend warrant has not yet expired, you will have to wait till the date expires since duplicate dividend warrant cannot be issued during the validity of the original warrant. However after the expiry of the validity period, if after completion of reconciliation, the warrant is un-encashed as per the records you will be need to intimate the Registrars & Share Transfer Agents with your request for issue of a duplicate. On receipt of such a request dividend warrant will be issued.
Why do the shareholders have to wait till the expiry of the validity period of the original warrant? Couldn't you issue stop payment instructions to the bank for the original warrant and issue a duplicate immediately?
Since the dividend warrants are payable at par at various branches of the bank across the country, it is practically impossible for the banks to issue stop payment instructions and it is therefore necessary for the company to wait till the expiry of the validity of the original warrant.
In order to protect against fraudulent encashment, I want to incorporate the details of my bank account in my dividend warrant. What is the procedure that I should follow?
If you are holding shares in physical form, please inform the Registrars & Share Transfer Agents quoting your folio number, name and address of your bank and the account number. The Company shall incorporate the same in all your future warrants.
However if you are holding the shares in Demat form, such details will have to be given to your DP. Your DP in turn will pass on this information to the Company. This procedure is in accordance with depository regulations.
Can my dividend be credited directly to my bank account?
Yes, you can opt for ECS, under which the dividend amount will be directly credited to your bank account. Kindly follow the procedure mentioned at '6' below. If ECS facility is not available we will arrange to send the dividend warrant to your bank with a request to credit the proceeds of the warrant to your bank account.
What is Electronic Clearing Service (ECS)?
Under this system, the dividend amount is directly credited to the designated bank account of the investor through the electronic clearing service (ECS) of the Reserve Bank of India. ECS has the following advantages
● Timely credit of dividend amount to the account of the shareholder.
● No risk of loss of dividend warrants.
● No risk of fraudulent encashment.
How can I avail of the Electronic Clearing Service (ECS) facility?
Shareholders should request for ECS facility in writing and the said letter should contain the following particulars:
● Name of the Bank and branch
● Account Number
● Type of account (saving/current/OD etc)
● nine digit code number appearing on the cheque
Shareholders are also required to attach the photocopy of one of the cheques or a cancelled blank cheque of the relevant account with the letter. The company will record the same and all subsequent dividends will be credited directly to the respective bank account.
Is the ECS facility available across the country?
No, ECS facility is available at the following cities only: Ahmedabad, Bangalore, Bhopal, Chandigarh, Chennai, Delhi, Hyderabad, Jaipur, Kanpur, Kolkata, Mumbai, Nagpur, Pune and Trivandrum.
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Change Of Address |
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If there is a change in my address, what is the procedure to get it recorded with the Company?
Kindly send a request letter duly signed by all shareholders giving the new address along with the old address. Kindly note that mentioning of the pin code number in the postal address is compulsory. No request for change in address will be accepted by e-mail / fax.
Can joint holders request for a change in address?
Yes, they can, but then all the shareholders must sign the letter in the order of the names as it appears on the share certificates.
Can there be multiple addresses for a single folio?
No, there cannot be multiple communication addresses.
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Nomination |
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How do I make a nomination with regard to my shareholding?
You have to submit a nomination form (Form 2B) in duplicate, duly filled and signed. If the shares are held in joint names all the holders must sign the nomination form.
On receipt of the request for registration of nomination, the Company will register the same by allotting registration number. The duplicate copy of the nomination form will be returned with an endorsement indicating the registration number and date.
Do I have to send the share certificates along with the nomination form?
No, only the details of the shares are required to be mentioned in the nomination form.
My shares are held in joint names. Are the joint holder/s nominees to the shares?
No, they are joint owners.
Can a nomination once made be changed?
Nomination once made can be revoked by a shareholder by giving a fresh nomination. If a new nomination is made, then the earlier one stands revoked. If joint holders make the nomination, and one of the joint holder dies, the remaining joint holder/s can make a fresh nomination.
What is the procedure for the nominee to get the share in his name?
The nominee is required to send the following documents to get the shares transmitted to his name.
● death certificate of the shareholder duly attested
● original share certificates and
● his proof of identification
Can the nominee sell the shares without registration in his favour? What is the procedure?
No.The nominee should first get the shares transmitted in his name and only after that he is entitled to sell the shares.
I have shares in the demat form. Can I send the nomination form to the Company for making a nomination with respect to my shareholding?
For making a nomination with respect to dematted shares, shareholders have to approach their respective DPs. In the account opening form provided by the Depository Participants there is a provision for providing the name of the nominee. Please consult your Depository Participant for further details.
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Loss Of Share Certificates |
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I have lost/misplaced my share certificates. What are the steps that I should take to obtain duplicate share certificate?
Please inform the Company's Registrars & Share Transfer Agents immediately about loss of share certificates quoting your folio number and details of share certificates. Simultaneously, you will have to lodge a complaint with the relevant police station close to your house/office etc. regarding loss of share certificates. The Company will contact you soon on receipt of the FIR copy regarding the future course of action.
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Miscellaneous |
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Which are the stock exchanges where G E SHIPPING shares are listed and traded?
Shares of G E SHIPPING are listed on the Stock Exchange, Mumbai (BSE) and the National Stock Exchange (NSE) and permitted to be traded at all Stock Exchanges.
Its GDRs are listed at Luxembourg Stock Exchange.
What are the share codes of G E SHIPPING?
The Share code of G E SHIPPING Equity Shares at BSE is "500620" and at NSE it is "EQ GE SHIP".
I would like to gift some shares to my children/relatives. How do I get them registered in their names? Does it involve stamp duty?
The procedure to be followed for registration of shares gifted is same as the procedure for a normal transfer. Stamp duty is also applicable in case of gifted shares.
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