Our shares are under compulsory trading in demat form only
Always buy/sell only through Share Brokers who are registered with SEBI and members of the recognised Stock Exchange. Ensure that transfer deed bears stamp of the Broker with his SEBI Registration No on the back of the transfer deed. This will help the investor especially if for some reason the transfer is rejected ; it would be possible for the investor to obtain a replacement from the SEBI registered broker without difficulty.
Face value of equity shares of Ashok Leyland is Re 1/- (effective July 7, 2004). All shares are fully paid up. Investor is advised to ensure that shares having lesser face value and/or partly paid up of the company are not accepted to avoid the unpleasantness of lodgment of shares for transfer being rejected by the company.
Please ensure that all columns of the transfer deed are filled properly and transfer deed signed at the appropriate places. Share transfer stamps @ 0.25% of the market value of the shares as on the date of execution of the transfer deed has to be affixed on the back of the transfer deed and the stamps affixed be cancelled by crossing lines or by writing name. It should be ensured that date of execution of transfer deeds is not prior to the date of presentation of transfer deed mentioned on the top of the transfer deed.
Where the transferor has signed through a Constituted Attorney, please ensure that the registration number of the Power of Attorney is mentioned on the reverse of the transfer deed. If the Power of Attorney has not been registered by the transferor with the Company, please ensure to forward the Power of Attorney duly notarised without which the transfer is liable to be rejected by the company.
Where the transferee has signed through a Constituted Attorney, please attach the necessary Power of Attorney duly notarised and obtain a registration number from the Company. If Power of Attorney has already been registered with the Company in respect of shares already being held, the registration number of the Power of Attorney may be mentioned in the transfer deed.
Please always furnish full address including Pin Code Number. Incomplete address may cause delay or non-delivery of share certificate(s), notices, annual reports, dividend warrant(s) and other communications.
Please always mention contact telephone/fax no /E-Mail address while corresponding with the company for better and faster communication.
It is advisable to always hold shares in joint names. This will be extremely useful in the event of death of any holder.
Please keep photocopies of share certificates, transfer deeds and other documents before lodging shares for transfer and also proof of mailing the documents to the company, acknowledgement card, slip, receipt etc. Please preserve contract note issued by brokers for share purchase/ sale. These will be useful for sorting out any issue, problem or query on a later date.
If one is already a shareholder of the Company in the same name(s), please mention the existing folio number while lodging shares for transfer. This will help to consolidate holdings in one folio.
Please always keep a copy/record of specimen signature lodged with the company at the time of applying for new shares or lodging transfer documents for transfer of shares as transferee. This will help in signing in the same manner as per the specimen signature lodged with the company to avoid any difficulties/complications that may arise due to signature difference.Please sign all correspondence as per specimen lodged with the Company mentioning the correct Folio No.
- Any change in shareholder's specimen signature should be informed to the company immediately with revised signature duly attested by the holder's banker. - Any alterations or corrections in the Transfer Deed should be avoided. If it is unavoidable, then the alteration should be authenticated both by the transferor and transferee by signing fully alongside the alteration. - To transfer the shares in favour of a minor, please ensure that transfer deed is signed by the parent (Natural Guardian) on behalf of the minor. - A Non-Resident should forward RBI Approval while lodging shares for transfer along with particulars of bank account in India, the name and address of the bank for remitting dividend. - According to the statutory provisions, when shares are lodged with a Company with properly executed transfer deed, Company is obliged to effect the transfer, unless there is an injunction order of a court prohibiting the Company from transferring the shares. - Please maintain the record of the share certificates and physically verify the share certificates periodically. If shares are lost/stolen, please take immediate legal action including taking injunction order from the competent Court with full details such as Certificate and Distinctive Nos. for stopping transfer. - Conversion of single holding into joint holding, transfer within the family members, etc. lead to a change in the pattern of ownership, and therefore, can be done only through execution of duly stamped Transfer Deed.
