Frequently asked questions in respect of Tourism Finance Corporation Of India Ltd equity shareholders.
Effective December 5, 2018, the shares of the Company can be transferred only in dematerialised form, as per notification issued by SEBI.With a view to facilitate seamless transfer of shares in future and as advised by the Stock
Exchanges, shareholders holding shares in physical form are requested to dematerialise their shareholding in the Company.
Such shareholders may, accordingly, get in touch with any Depository Participant having registration with SEBI to open a demat account or contact RTA as given below
MCS Share Transfer Agent Ltd.
F-65, Okhla Industrial Area,Phase I,
New Delhi -110 020
Telephone No.:011 41406149, 51 & 52
Email Id:[email protected]
Fax No.:011 41709881
Transmission of shares arises in case of death of the registered shareholder. For transmission of shares, the documents given in Annexure I should be submitted.
If the shares are held in joint names, the deceased shareholder’s name only is deleted. A copy of the death certificate of the deceased registered shareholder, duly attested by competent authorities (magistrate, notary, public, gazette officer, managers of nationalized banks or officials of Tourism Finance Corporation of India Ltd.) is to be sent to Registrar / Tourism Finance Corporation of India Ltd. alongwith the share certificate.
In case of single shareholder, the shares will be transmitted in favour of those persons who are heirs of the deceased registered shareholder as per the will executed by him. In case the deceased shareholder had not left any will, transmission of the shares will be effected only on production of succession certificate or letters of administration.
The loss of share certificates(s) has to be reportedly immediately to Tourism Finance Corporation of India Ltd. / Registrar & Transfer Agent alongwith certificate nos. / folio no. and distinctive nos. to enable the company to stop transfer of shares.
Duplicate share certificate(s) will be issued only after submission of the required documents given in Annexure II and necessary notification regarding loss / non receipt of the original share certificates is given in the newspapers, if required.
To convert the shares into demat form, the shareholders have to open a Depository Account with a Depository Participant (DP). In the demat process, the shareholders are required to surrender the certificates to its DP. The DP in turn processes them to R & TA, which is verified and if found in order, is dematerialized and an equivalent number of shares credited electronically by DP to the account of the shareholder.
Registrar and Transfer Agents i.e. MCS Share Transfer Agent Ltd.
In case of non receipt of dividend, the investor should write to the company or its R & TA, quoting the folio no. / DP – client Id no.
For shares in physical form, the shareholder will have to submit ‘National Electronic Clearing Services” (NECS) mandate form to our R & TA viz. MCS Share Transfer Agent Ltd. Investors having shares in dematerialized form will have to submit the NECS mandate form directly to their Depository Participant (DP).