bonus shares

vishwas · #1 14th April 2006, 04:50 PM

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

saamy · #2 16th April 2006, 12:57 PM

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

vishwas · #3 16th April 2006, 02:34 PM

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

gopii · #4 16th April 2006, 03:02 PM

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

vishwas · #5 16th April 2006, 04:05 PM

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

vishwas

murthymsr · #6 16th April 2006, 05:07 PM

Quote:

Originally Posted by exclhyd

Does that mean we can buy one day before RECORD DATE and get Bonus Shares?

I asked this question earlier too but never got a satisfactory reply! When does the exchange stop updating the register of mebers of the Company with new buyers of a company's Shares. Say record Date is 10th . People would be buying shares on 7th, 8th, and 9th. Some people wd have bought on 4th, 5th and 6th. WHo would get Bonus Shares?

Please revert!!

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.

pkjha30 · #7 16th April 2006, 08:12 PM

Quote:

Originally Posted by murthymsr

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

murthymsr · #8 16th April 2006, 08:18 PM

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

pkjha30 · #9 19th April 2006, 12:18 PM

Quote:

Originally Posted by exclhyd

-----------
Hi Pankaj..Unable to understand! In the first sentence u are talking about selling of shares and says that such sold shares will be on central clearing. Which means that the change of name is not effected in Records Of the company and hence the seller would get Bonus. IS THAT NOT RIGHT???

In effect The seller remains in the comoany's record ON RECORD DATE.

Then how can the bUYER get Bonus shares as stated by you in second para as quoted above??

Please consider it as positive discussion to clear the air!!

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

ragh_ash · #10 19th April 2006, 02:50 PM

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

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