Am I entitled to receive corporate benefits without POA & debit?
Yes, you are
entitled to receive all corporate action benefits like Bonus, Split, Dividend
etc. However, you may experience difficulties in applying for specific
corporate actions like Buyback and Rights because, in such circumstances 5PAISA
will not be able to process your request for transfer of shares from your DP
account to buyback/rights designated DP
account if you are not already registered for EASIEST facility in CDSL.
You will have to, therefore, request us to transfer back securities from the Margins account to your demat account or specifically request us intimating us your intention to apply for the corporate actions such as Rights issue etc.
Note: Non receipt of any communication from your side would be assumed that you are not interested in pursuing the corporate action specifically with respect to right issues etc.
When should I intimate for my participation in corporate benefits if I am a customer without POA & in debit ?
To apply for specific corporate actions like Buyback and Rights, you need to raise the request prior to 24 hours from the date of participation specifically intimating us your intention to apply for the corporate actions such as Rights issue etc. Any ...
If the securities are pledged in favour of 5paisa, will it impact corporate actions on those shares?
Since the stocks are lying in your demat account, you will enjoy all the corporate benefits announced, like dividends, etc.
What are Corporate Actions?
Companies periodically announce corporate actions like Bonus, Split, Mergers which will have an impact to the holdings. In the portfolio computation logic, system applies the corporate action effect as announced by the company. Read More about ...
Benefits of POA - Is it Mandatory for Your Demat Account?
POA allow seamless movement of shares from your DP account for the purpose specifically mentioned in POA. For example, to meet exchange pay-in obligation, margin requirement, apply in buyback, rights etc. POA is not mandatory. However,it is advisable ...
How to setup auto debit of my personal loan EMIs?
Auto Debit of EMI can be setup by providing a Bank Mandate. This comes in the last stage of loan application where you can download the mandate, sign and upload a scan image for the mandate to be processed with your bank.