bonus shares

hi,
i would be like to know as to who is eligible to for the bonus share...
i mean on which day should one be holding the share as to get the bonus share..

thank u

Not before record date, those who are holding it on the record date.

hey thanks for u r replies,
so what is the record date for infosis...

hi
the record date for infosis.. not yet declared, but feel could be in the monthof june 06, but u will have to watch for further declaration by the com.

gopii

so if we buy the share now r v eligible for the bonus

vishwas

hi exclhyd,

I think, as on the record date, the shares are to be already credired into your account. If you buy one day BEFORE THE RECORD DATE the shares would be credited on the third day (T+2 cycle). So you will nOT be entitled for the declared benifit.

I may be corrected, if i am wrong.

Hi Murthy
This was the problem when shares were not traded in demat form. Now a days when you sell your shares, it will be blocked for transfer and after pay in confirmation they are sent to beneficiary account. Such shares will be on central clearing of the exchange and details will be furnished to the companies at a later date along with beficiary account. So if a person purchased shared one day before record date he will get the bonus shares. I did get tisco shares when it declared bonus and In purchased one day before record date.
If not credited, Complaints can be addressed to DP, the concerned registrar for the Company and the Concerned exchange with details of order and settlement available with your demat account.
Recently , I had some problem in viewing my shares in demat account and I finally got confirmed with DP promptly.
I invest with ICICI though not terribly satisfied but not too dissatisfied to move out yet and no viable alternative.

Pankaj

hi pankaj,

quote:
I invest with ICICI though not terribly satisfied but not too dissatisfied to move out yet and no viable alternative.

:unquote

fully agree.

murthymsr

Hi exclhyd

When shares are in demat form companies obtain details of shareholders from dp or nsdl/shcil as on the record date. In respect of shares in central clearing details are given by them after ascertaining the beneficiary details. When shares are blocked for transaction details are sent only after final status is confirmed which may take a week or so.

When shares are in physical form once sale is confirmed and you receive in physical for you have to send it to the concerned company for effecting record change.

This was a major reason that share market was not very popular with investors.

Now NSE came up with online ordermatching and compulsory demat trading this has become popular and retail investors are also flocking to the market. It involves much less hassle then say opening FD with PSU bank.

BSE adopted online trading at a later date. The difference in volume of trading will tell the remaining stroy.

With SEBI stipulation of 25 % public holding market will be more vibrant and more retail participation will be there provided no exemption is given to this simple rule(Already some are exempted). With broadbasing and economy growth clubbed with demat trading and effective investor grievance redressal machinary(Much to be done) uptrend will be for a long time to be seen. notwithstanding 1500 point corrections here and there(% wise each time it will be less).

These are my views and you need not agree with it.


Pankaj

hi PANKAJ,
while on topic of Bonus shares can u clarify the following:
In FCharts , the software gives a facility for entering data for stock split and i have done same and updated my data. but the problem is when Stock is split and also gives bonus shares at same time. how does one adjust for it.
also how to adjust for rights
regards
ragh_ash