May 1, 2012 8:05 pm
My Father hold Shares of Bank Of India in Certificate form .From the past couple of years due to a change in address ,he is not getting Dividend .Whom to Contact to update the address so that he recieves the Dividend
Dear Anurag, if possible to your father, please open a demat account & demat these BOI shares first. Once the shares are demated, your father may demand the lost dividend also & interestingly all the old dividends as well as future ones ‘ll be credited to his AB account through ECS. So hassle of collecting cheque & then depositing the same ‘ll not be there.
Does your father has only BOI shares or any other shares in his portfolio ?
It may be worthwhile to open a demat account. There are so many demat companies these days who are ready to open a life time demat account with one time charge of around Rs. 2500. Once you have your demat account, get your father’s shares dematerialised.
Alternatively, if you don’t want to convert your shares into Demat form, you can contact the Registrar and Transfer Agents of BOI. I have pasted their details below. You can send them an email and they shall let you know the procedure.
Sharepro Services (I) Private Limited,
Unit : Bank of India,
13 AB Samhita Warehousing Complex
Off. Andheri Kurla Road
Sakinaka Telephone Exchange Lane
Sakinaka, Andheri East
Mumbai 400 072
Tel : 22- 67720300 / 67720400
Fax : 22 – 28591568
E mail: email@example.com
In any company’s website look for the ‘Investor centre’ or Shareholders link. Find the registrar from that page. Just takes 1-2 minutes.
For Bank of India check
It is recommended to dematerialize the shares so it is easy to sell when needed and also most dividends will come to one’s account automatically.
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