Shareholders may contact our Registrar & Share
Transfer Agent (RTA) Datamatics Financial Services Ltd. or our Bank’s Investor
Services Division for claiming Dividend remained unclaimed/unpaid in their name.
Shares in Physical Form:
Shareholders who are holding shares in physical form
are requested to submit the following details to us/our RTA –
·
Form-1 Letter for Payment of Unclaimed/Unpaid Dividend
·
Form-3 Indemnity Bond
·
1 Cancelled Cheque Leaf of active account in which dividend is to be credited
·
Copy of Address Proof where communications are required to be sent
·
Copy of PAN Card
Once we receive the above documents, Shareholders
details will be updated in our record and from henceforth all the dividends
including unpaid dividend will directly be credited in shareholders account
which will save the time as well as trouble caused due to loss of dividend
warrants in transit and expiry of validity.
Even though the above will ensure direct credit of
dividend in their account, we suggest that they should transfer their physical
shares in Demat since it ensures timely payment of dividend in their account
along with following other benefits–
a) Change
of address, registration of Power of Attorney – can be effected across companies
by one single instruction to the DP.
b) SEBI
has made it compulsory for trades in all listed scrips to be settled in demat
mode. Although, trades up to 500 shares can be settled in physical form,
physical settlement is virtually not taking place for the apprehension of bad
delivery on account of mismatch of signatures, forgery of signatures, fake
certificates etc.
c) It is
a safe and convenient way to hold securities compared to holding securities in
physical form.
d) No stamp duty is levied on transfer of securities held in demat form.
e) Instantaneous transfer of securities enhances liquidity.
f) It eliminates delays, thefts, interceptions and subsequent misuse of certificates.
g) Market lot of one share for the purpose of transactions - so no odd lot problem.
h) Any number of securities can be transferred / delivered with one delivery
instruction. Therefore, paperwork and signing of multiple transfer forms is done
away with.
i) It facilitates taking loans / advances against securities.
j)
Immediate credits in case of any allotment in Non cash corporate actions such as
bonus, rights issues and IPOs.
UNION DEMAT -
Union
Bank of India offers service-oriented Demat account - Union Demat. Union Bank is
a Depository participant of Central Depository Services Ltd.
For
further details, please click on the below link –
http://www.unionbankofindia.co.in/personal-insurance-dematoverview.aspx
You
can also contact our Bank’s nearest Branch or E-mail
demat[at]unionbankofindia[dot]com
Shares in Demat Form:
Shareholders who are holding shares in Demat form are
requested to submit the following details to their Depository Participant (DP)
with whom they are maintaining Demat Account and request
them to update your bank details including 9 digit MICR and IFSC Code, email
address and contact details:
·
1 Cancelled Cheque Leaf of active account in which dividend is to be credited
·
Copy of Address Proof where communications are required to be sent
·
Copy of PAN Card
After updating the above details with DP
please send the following to us/our RTA:
·
Form-2 Letter for Payment of Unclaimed/Unpaid Dividend
·
Form-3 Indemnity Bond
·
Client master list of Demat Account.
Contact Details of our Banks Investor Services Division and our Registrar &
Share Transfer Agent:
KFin Technologies Limited.
Unit: Union Bank of India Selenium Tower B,
Plot 31 & 32,Financial District,
Nanakramguda
Hyderabad-500032
Toll Free No:18003094001
E-mail:
ubiinvestors[at]dfssl[dot]com
|
Company Secretary
Investor Services Division
Union Bank of India 12th Floor, Central Office, 239, Vidhan Bhavan Marg,Nariman Point, Mumbai-400 021 Tel-(022) 2289 6643/36
Fax-(022) 22025238
E-mail:
investorservices[at]unionbankofindia[dot]bank
|
Important Note: Proposed Date of Transfer of Unclaimed/Unpaid Dividend to IEPF
The amount of dividend remaining unclaimed for a period of seven
years from the date of transfer of dividend to the Unpaid Dividend Account shall
be transferred to the Investor Education and Protection Fund. The list of dividends declared so
far and
Proposed Date of Transfer of Unclaimed/Unpaid Dividend to IEPF are given below:
Period of the Dividend
|
%
of dividend declared
|
Proposed Date of Transfer
|
Dividend for 2021-22
|
19%
|
11.08.2029
|
Dividend for 2022-23
|
30%
|
11.10.2030
|
The shareholders who have not received or claimed the above
dividends till now are requested to make a claim at the earliest to the
Registrar & Share Transfer Agent or the Investor Services Division of the Bank.
|