Radhika (Company Secretary) (303 Points)
06 April 2015Friends,
One of the Promoters of a listed company who was holding shares in the company demised 2 years ago. Company does not have any information about his whereabouts. His shares were not transferred/transmitted to anyone. How do the Company deal with his shareholding?
Please suggest.
Radhika
(Company Secretary)
(303 Points)
Replied 07 April 2015
The Company has decided to consider his shareholding under "Public" category and informed stock exchanges about the change in shareholding.
CAclubindia
