How will the distribution of bonus shares for pledged shares happen?

The software in NSDL has been modified to handle distribution of bonus entitlements through Automatic Corporate Action (ACA) Module. This works as follows : The holdings as of the record date / book closure, (including those holdings which are pledged) are considered for computing bonus entitlements. At the time of effecting the credit of bonus …

Learn More Who will receive dividend on the pledged securities?

Pledgor will continue to receive dividend on the pledged securities. The pledge will get the benefits only if pledge is invoked and on record date the shares are in the pledge’s account.

Learn More Can I change the securities offered in a pledge?

Yes; if the pledge [lender] agrees, you may change the securities offered in a pledge.

Learn More What should I do if I want to pledge electronic securities?

The procedure is as follows : Both you (pledgor) as well as the lender (pledge) must have depository accounts. You have to initiate the pledge by submitting to your DP the details of the securities to be pledged in a standard format. The pledge has to confirm the request through its DP. It is suggested …

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