How client will receive the benefits of corporate actions such as dividend/rights/bonus?

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• If clients securities are pledged in favour of IIFL for margin, will it impact corporate actions on those shares?

  As in the Margin Pledge process the stocks are lying in client's own demat account, client will get all the corporate benefits announced, like dividends, etc.

• What is corporate action?

  Corporate actions are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders. These may be either monetary e.g. dividend, or non-monetary e.g. ...

• What are the types of corporate action?

  The different types of corporate actions announced by a company are: Rights issue Dividend Stock Split Conversion of debentures into shares Amalgamation Merger Demerger Capital reduction / Consolidation of shares Buy Back Bonus Open Offer

• What is the eligibility of corporate action?

  1st understand the meaning of different important dates for corporate actions: 1.Declaration Date: This is the date on which the board of directors announces to shareholders and the market as a whole that the company will pay a dividend. 2.Ex Date: ...

• If client hold stocks of a company that issued dividends. How and when client will get the dividends?

  Firstly client need to check if he/she is eligible for the dividends. To be eligible for the dividends client need to have purchased the stocks before the ex-date (client will be eligible for dividends if client have sold the stocks on ex-date as ...