Investors' Frequently Asked Questions (FAQs)
Has the Company appointed any external agency as Registrar & Transfer Agent (‘RTA’) for carrying out share transfer and / or demat work?
Yes. Link Intime India Private Limited has been appointed as the Registrar & Transfer Agent of the Company for all work relating to physical transfer, transmission, split / consolidation of share certificates, issue of duplicate certificates, dematerialisation and rematerialisation of shares, payment of dividend etc.
Where are the share transfers of the Company carried out?
Share Transfers are carried out at Link Intime India Private Limited, C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai - 400 078.
Who are the contact persons in Secretarial Department at Gurgaon office?
Ms. Neerja Sharma, Director-Assurance & Communication and Company Secretary
How long does it take for a share transfer?
Share transfers are normally registered within a period of two weeks from the date of receipt of the duly filled in and executed Share Transfer Deed along with share certificate at the office of the Company or RTA.
What is the stamp duty on shares?
The stamp duty applicable on share transfer is 0.25% on the market value on the date of execution of the transfer deed or consideration value which ever is higher.
In case of gift of shares to one's near and dear, then how should one proceed to get them registered? Does it attract stamp duty?
The procedure of registration of shares gifted to some one 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 does the Company follow for issuing duplicate share certificates?
Duplicate share certificates are normally issued if the original/s is/are not traceable even after undertaking the best search by the holder. Duplicate share certificate/s is/are issued after obtaining a duly executed Indemnity and Affidavit as per the draft provided by the Company or RTA and upon release of a Public Notice in two newspapers. The applicant is, further, advised to file F I R with the nearest police station and to send a copy thereof, to the Company, in his/her own interest to enable the Company to protect the applicant/s from any third party claims.
Are shares of Cairn India Limited required to be traded compulsorily in demat form? Can a Shareholder hold the shares in physical form?
Yes. The shares of Cairn India Limited are to be compulsorily traded in demat form. However, one can still hold the shares in physical form.
In case if any person had purchased shares of Cairn India Limited in physical mode long time back but forgot to get to transfer in his name. What procedure he should now follow?
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 top 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) to the Company or RTA. If the validity period of the transfer deed has expired then one has to approach the Registrar of Companies for extending the validity of the transfer deed. Alternatively, one may approach the registered holder/seller whose signatures appear on the transfer deed as seller to execute fresh transfer deeds. Thereafter one may submit the fresh/revalidated transfer deed to the Company or RTA.
What are the chances of any fraud/disputes in using a demat account? Whom should I approach in such cases?
Common risk factors applicable to trading in physical shares like mismatch in signatures, loss in postal transit, etc., are not there 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, may be approached for resolving such issues.
When was Cairn India Limited (‘Cairn’ or ‘the Company’) formed?
Cairn India Limited was incorporated as a public limited company under the Companies Act, 1956 in the State of Maharashtra on August 21, 2006 and came out with its Initial Public Offering of equity shares in December 2006.
What is Cairn’s financial year?
1st April to 31st March
What is the Paid-up Share Capital of Cairn?
As on March 31, 2014, the Issued, subscribed and Paid-up equity share Capital of the Company was Rs. 1907.63 Crore divided into 1,907,629,871 Equity shares of Rs. 10/- each
Name the Stock Exchanges where the equity shares of Cairn are listed
Equity Shares of the Company have been listed in BSE & NSE and scrips Code of Company are as follows: NSE - CAIRN and BSE - 532792
What is the level of dematerialisation of shares as on date?
99.99% of the Issued, subscribed and paid-up Share Capital of the Company is dematerialised