What is the book closure date?
The
book closure date is a crucial date for shareholders. It is the deadline by
which you must own shares in your demat account to be eligible for certain
corporate benefits, such as bonus shares, stock splits, and dividends.
Here’s a more straightforward
explanation:
1.
Eligibility for Benefits: To receive corporate benefits like bonus shares, stock splits,
or dividends, you must be a shareholder on the book closure date and hold the
stock in your demat account by this date.
2.
No Adjustments During Book Closure: During the book closure period, the company’s Registrar and
Transfer Agents (RTAs) temporarily stop processing any updates to the
shareholder register, including changes like transferring shares.
3.
Importance for Shareholders: Knowing the book closure date ensures you don’t miss out on
critical corporate benefits. If you want to receive these benefits, make sure
you own the shares before this date.
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