FAQ

1. Listing

The Equity Shares of Hindustan Media Ventures are listed at:

  • Stock Exchange
  • : Security Code
  • National Stock Exchange of India Limited (NSE)
  • : HMVL
  • Bombay Stock Exchange Limited (BSE)
  • : 533217

2. What is Depository System?

Depository System provides for custody of shares in electronic (demat) form. The shares held under the Depository System are traded in electronic form.

Holders of demat shares enjoy rights i.e. dividend, voting rights etc. like any other shareholder holding shares in physical form.

In India, the Depository system is managed by National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited. Hindustan Media Ventures Limited has entered into agreements with both NSDL & CDSL.

3. What are the advantages of holding shares in Depository System?

Depository System offers following advantages:

  • No chance of loss, theft or fraud of shares
  • Platform for Internet based trading
  • One demat account can hold shares of more than one company
  • Presently, no stamp duty payable by transferee on purchase of shares

4. What is Dematerialization and what are its benefits?

This is a process whereby the shares held in physical form are converted into Electronic form. The technique of dematerialization eliminates the time consumption and complex process of share transfer, the problems of bad deliveries, delay in processing, and most importantly it avoids the fraudulent interception in postal transit.

5. What is re-materialization of shares?

Re-materialization is the process of converting shares in electronic form into physical form. After re-materialization, the shareholder is given the share certificate covering the shares, hitherto held by him in electronic form.

6. Who are the intermediaries of Depository System?

The major intermediaries of Depository System are:

  • Depository
  • Depository Participant (DP)
  • Beneficial Owner (BO)

7. What was the dividend paid by Hindustan Media Ventures Limited in FY 17-18?

The Company has paid dividend on the Equity Shares @ 12%, for FY 17-18.

8. What is Electronic Clearing Service (ECS) facility for dividend payment?

ECS facility provides for direct credit of dividend amount in the bank account of the shareholder.

Members are requested, in their own interest, to avail ECS facility in view of the following benefits:

  • No postal delays
  • No loss of dividend warrant
  • No chances of fraudulent encashment of dividend warrant

9. How to avail ECS facility?

  • Shareholders holding shares in physical form to send request to the R&TA giving details of bank account Click here for a specimen ECS Form.
  • Shareholders holding shares in demat form to send request to their DP giving details of bank account.

10. What is Investor Education and Protection Fund (IEPF)?

IEPF has been established by the Central Government pursuant to the requirements of the Companies Act, 1956.

Dividend remaining unpaid and unclaimed for a period of seven years from the date they became due for payment shall be credited to the IEPF. Further, all shares in respect of which dividend has been unpaid / unclaimed for seven (7) consecutive years or more, shall be transferred by the Company to the IEPF. However, you may claim the shares / dividend transferred to IEPF by following the procedure prescribed under the Act and IEPF Rules.

Members, who have not encashed/received their Dividend for any one or more financial year(s), may write to the R&TA/Company for payment of such unpaid dividend.

11. How to get change in name recorded with the Company?

For shares held in demat form
Please follow the procedure advised by your DP.

For shares held in physical form
An application for noting change of name be made to the R&TA/Company accompanied by the relevant document(s) mentioned below:

  • In case of individual
    Due to marriage - certified copy of the Marriage Certificate.
    In any other case - certified copy of Gazette notification/newspaper notice
  • In case of Company
    certified copy of the fresh Certificate of Incorporation.

12. How to get change in address recorded with the Company?

For shares held in demat form
Please follow the procedure advised by your DP.

For shares held in physical form
Please send a request letter to the Company/R&TA giving the new address alongwith pin code. Click here for a specimen request letter.

13. How to get change in bank details recorded with the Company?

For shares held in demat form
Please follow the procedure advised by your DP.

For shares held in physical form
Please send a request letter to the Company/R&TA giving the new bank account number, bank name and full postal address of the bank alongwith pin code. Click here for a specimen request letter.

14. How do I open an account with Depository Participant?

You may approach to a Depository Participant (DP) of your choice registered with National Securities Depository Limited (NSDL) or Central Depository Services Ltd. (CDSL).

15. How do I convert my physical share certificates into an electronic holding and will I continue to receive the corporate benefits?

After opening of a demat account with a DP, you may fill-up a dematerialization request form (DRF) hand-over to your DP, the certificates along with the 'Dematerialization Request Form' (DRF). Only the securities registered in your name can be submitted for dematerialization. Your DP will then send the DRF and the certificates to Company or RTA and an electronic request will also be sent through the NSDL/CDSL network reconfirming the same. RTA will verify the documents and if found in order, the dematerialization request will be confirmed to NSDL/CDSL who will in turn inform your DP. In the books of the Company, your folio with STA will be debited and the account of NSDL/CDSL will be credited in respect of such dematerialized securities. NSDL/CDSL will credit the account of your DP in their electronic records. Your DP will then credit your account with the number of securities that have been dematerialized and the securities will thereafter be held in electronic form.

Yes, all the corporate benefits such as dividend, interest, bonus shares, rights shares etc. will be issued by the Company / RTA to the beneficial owners i.e. the accountholders who hold the securities in electronic form as on record date.

16. What are the charges to be paid to Depository Participant for dematerialization of shares? Who will bear the charges for dematerialization of shares?

The charges for the dematerialization of shares shall be borne by the shareholder. The charges for the dematerialization of shares differ from DP to DP. It is therefore advisable contact the DP for the details of the charges in question and compare with other DPs too.