Email: cs@gael.co.in
Phone: 011-40110240
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Share transfer & Dematerialization Procedure

Share Transfer System
The Registrar and Share Transfer Agents, M/s XL Softech Systems Limited handle share transfers under the overall supervision of the Stakeholders Relationship Committee.
 
Dematerialization of Shares
Depository Services
Shares are available for demat with both the depositories in India - National Securities Depository Ltd (NSDL) and Central Depository Services (India) Ltd (CDSL).
Considering the advantages of scrip less trading, shareholders holding shares in physical form should consider dematerialization of their holding. Shareholder(s) who want to hold shares in demat form should open a demat account with a depository participant (DP) registered with either NSDL or CDSL, and then surrender their share certificate(s) for dematerialization to the company through the DP.
 
Steps involved in the dematerialization of shares
Shareholder fills out a a dematerialization request form (DRF) and surrenders the defaced share certificate(s) to the DP.
  • The DP intimates the company of this request through the system.
  • The DP submits the share certificate(s) and the DRF to the company.
  • The company updates the register of members and then validates the request.
  • The depository credits the DP's account.
  • The DP updates the investor's demat account and informs investor.
Should members require any further clarification about this facility, they can write to the Company's RTA. At present, no stamp duty has to be paid on transfer of shares in demat form.
  • Number of shareholder complaints received, number solved to the satisfaction of the shareholder and number of pending complaints.
  • Investor grievances received and attended during the year ended 31st March, 2017 and as on that date.
 
The Statics

Statics of Complaints / requests

Nos.

Pending as on 01-04-2016

Nil

Received during the year

Nil

Resolved / disposed off during the year

Nil

Pending as on 31-03-2017

Nil

 
Nomination Facility
Shareholders holding shares in physical form and desirous of making a nomination in respect of their shareholding in the Company, as permitted under Section 72 of the Companies Act, 2013, are requested to submit to the Company's Share Transfer Agents M/s XL Softech Systems Limited, 3, Sagar Society, Road No.2, Banjara Hills, Hyderabad - 500 034. Nomination facility in respect of shares held in Electronic form is also available with the Depository Participant (DP) as per the Byelaws and Business rules applicable to NSDL and CDSL.
 
Section 72 of the Companies Act, 2013, extends a nomination facility to individuals holding shares in physical form in companies. Shareholders, in particular those holding shares in a single name should, in their own interest, avail of this facility by giving the particulars of their nomination in the prescribed nomination form.
 
In case shares are held in a single name and the shareholder has expired, the following documents are required to be submitted by nominee(s):
* Original or certified copy of death certificate of the deceased holder.
* A letter of request from the nominee(s) duly filled in and signed.
 
 
 
     
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