Listed in bse & nse

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2013 Dear Sir

I having doubt regarding Listed In Both BSE & NSE.

If A ltd having Share capital of 10000 shares of Rs.10/-each.Listed in both stock exchanges.

If the company declares dividend 10% that is Rs.1/- per share.

Now the company has to pay dividend to 10000 shares.

Now my doubt is how its working.
and i purchased 6000 shares in BSE and 5000 shares in NSE. can i do so?
how its works?

Kindly clarify in this regards

Thanks
Rengasamy.R

NareSh

NareSh (Expert)
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02 January 2013 They fix record date, whose names are in the register of share holders on that date they pay to that particular holders only

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2013 sir

My query is total 10000 shares listed in BSE and NSE.

So totally 20000(10000 in BSE and 10000 in 10000)

Or

5000 shares in BSE and 5000 shares in NSE

they were listed like this

I didnot understand whats happening in Stock exchange.

Kindly clarify in this regards

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NareSh

NareSh (Expert)
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02 January 2013 In the stock markets, one can sell without having the physical stock of particular company, even if we purchsed from the NSE or BSE the seller not deliver the quantity of stocks to us.

In such case we will not receive the stock.

Trading take place on speculation basis also.

In that situation there is no question of excess shares availability in market.

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2013 How do they decide that excess shares available in the market for the purposes of dividend?

kindly clarify in this regards

NareSh

NareSh (Expert)
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02 January 2013 Company pay the dividend as per the list of shareholders available with them.