Dear Shareholder,
The Department of Company Affairs (DCA), Securities & Exchange
Board of India (SEBI), and The Stock Exchange, Mumbai (BSE) had
vide their Circular no.5/2002, DCC/FITT/CIR-3/2001 and no. List\psr\cir-1\2002,
dated 01/03/2002, 15/10/2001 and 16/01/2002 respectively, has advised
that all Companies should mandatorily use ECS facility for distributing
dividend or other cash benefits to the investors wherever available.
In the absence of availability of ECS facility, the Companies may
use the warrant for distributing the dividend.
Currently ECS facility is available at locations specified by RBI
& SBI. ECS centers will be selected by the Company in consultation
with its Bankers & RBI. We request all the shareholders to give
their bank details, so that all future dividend payment can be remitted
through ECS. In case shareholders staying at locations not covered
by ECS, the bank account details or registered address will be used
for suffixing along with the name of the shareholder on the dividend
warrant issued in future.
Salient features :
- Exposure to delays in postal service avoided.
- As there can be no loss in transit of the instruments, issue
of duplicate instruments is avoided.
- Assurance of prompt and timely credit of dividend amount to
your bank a/c at no extra cost.
- No chance of fraudulent encashment.
- No need of opening a fresh account to avail this facility.
- No need to visit the branch of your bank for depositing dividend
warrant.
- No charges are required to be paid to avail of this facility.
- Right to change the instruction by giving us an advance notice
of at least six weeks before the date of payment.
- This facility is available for payment of dividend up-to Rupees
Five Lakhs per individual transaction.
- This facility is subject to Reserve Bank of India’s guidelines.
Procedure for credit :
The dividend payable to you is directly credited on the
due date to a Bank Account designated by you. Therefore, no physical
instrument is issued and information is electronically passed to
Reserve Bank of India through our Bankers. On receiving this information
your Bank will credit your account and indicate credit entry as
ECS-JBCPL in your Pass Book/ Bank Statement. Intimation of ECS will
be sent to your separately by the Company after the transaction
is effected. The information provided by you will be kept confidential
and would be utilized only for the purpose of effecting the payment
meant for you.
For any further assistance/ Clarification in the matter, please
feel free to write to the Secretary of the Company.
Yours faithfully,
For J. B. CHEMICALS & PHARMACEUTICALS LTD.
J. B. MODY
CHAIRMAN & MANAGING DIRECTOR |