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share transfer and grievience committee

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(Querist)
03 January 2008 Does the law or listing agreement specify the frequency of the meetings to be held under this committee???

our co , listed co ,follows a policy of having this meeting every 15 days

cant we make it quarterly??
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astha

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astha (Expert)
04 January 2008 Dear Ritu

Neither any law nor listing agreement specify the number of times Share transfer and Grievance Commitee should meeet. Clause 49 of Listing Agreement states that share transfer should be attended to fortnightly.

In case the task of share transfer is delegated to an officer of the Company, it may happen that the said committee may not meet even once in a year.

So if the power of share transfer is delegated and transfer is given effect to by that authority within 15 days then committee may meet quarterly or at any other time interval as may be required.
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astha

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astha (Expert)
04 January 2008 Dear Ritu

Neither any law nor listing agreement specify the number of times Share transfer and Grievance Commitee should meeet. Clause 49 of Listing Agreement states that share transfer should be attended to fortnightly.

In case the task of share transfer is delegated to an officer of the Company, it may happen that the said committee may not meet even once in a year.

So if the power of share transfer is delegated and transfer is given effect to by that authority within 15 days then committee may meet quarterly or at any other time interval as may be required.
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