Transfer

  • What is the process of getting shares of Adani Power purchased by one, transferred in his name?

    One should send the share certificates along with the duly filled in and executed share transfer deed to KCPL. The share transfer deed should bear the share transfer stamps at 0.25% of the market value on the date of execution of the transfer deed or consideration value whichever is higher. The rate per share can be picked up from any newspaper. The date for which the rate is picked up must be the same as the execution date mentioned on the transfer deed.

    Electronic transactions do not attract any stamp duty. However, each Depository Participant may levy a transaction charge. The rate should be confirmed with your Depository Participant beforehand.

  • Where do I get share transfer stamps?

    One can contact nearest ‘General Post Office’ for share transfer stamps or getting transfer deeds stamped.

  • In case of gift of shares to one's near and dear, how should one proceed to get them registered in the books of Adani Power?

    The procedure of registration of shares gifted to someone is same as the procedure for a normal transfer. The stamp duty is also applicable in case of gifted shares, and the present rate of duty is 0.25% of the market value prevailing on the date of execution of the transfer deed by the transferee.

  • What procedure should be followed if one wants to add another joint-holder to his/her shareholding?

    If any existing shareholder wants to add another joint-holder to his/her shareholding then he will have to execute a transfer deed, duly stamped and submit the same preferably to KCPL.

     Please note that such addition of name amounts to change in ownership of shares and the procedure for transfer has to be followed.

  • Why should I keep securities in joint names?

    It is advisable to register securities in joint names in order to facilitate succession.

  • What procedure should be followed if a person who had purchased shares of Adani Power long time back, forgot to get them transferred in his name?

    A transfer deed is valid for a period of one year from the presentation date indicated in the stamp affixed by the Registrar of Companies on the upper portion of the deed or the closure date of Register of Members immediately after the presentation date, whichever is later. Please check whether your transfer deed is still valid. If so, one shall submit the transfer deed duly executed and stamped along with share certificate(s) preferably to KCPL for transfer in his favor. 

    If the validity period of the transfer deed has expired then one has to approach the Registrar of Companies or www.mca.gov.in for extending the validity of the transfer deed. Alternatively, one may approach the registered holder/sellerwhose signatures appear on the transfer deed as seller to execute freshtransfer deeds. Thereafter one may submit the fresh/revalidated transfer deedto KCPL for transfer.

  • Are shares of Adani Power required to be traded compulsorily in demat form?

    Yes,the shares of Adani Power are to be compulsorily traded in demat form. However,one can still hold the shares in physical form.

  • How do holders of shares in electronic form get their dividends?

    The Depository Participants will give the list of demat account holders and the number of shares held by them in electronic form on the Book Closure date or Record date to Adani Power (known as Benpos). After the necessary approval and on the basis of Benpos, the Company will issue dividend warrants in favour of the demat account holders.

  • Will a shareholder get the Annual Report after he gets his shares converted in demat form and would he be able to attend the AGM of Adani Power?

    The rights of the shareholders holding shares in electronic form are at par with the holders in physical form. Hence they are eligible to get the Annual Report and will have the right to attend the AGM as a shareholder.

  • Whom should one approach in cases of any dispute in using a demat account?

    Common risk factors applicable to trading in physical shares like mismatch in signatures, loss in postal transit, etc., are absent since the dematerialised shares are traded scrip less.

    However,in the unlikely event of any other dispute, the concerned Stock Exchange and/or Depository viz. NSDL/CSDL or Securities and Exchange Board of India (SEBI), maybe approached for resolving such issues.