If an individual has 10 shares of a company in one demat account and 5 shares in another, and the company has announced a rights issue in the ratio of 1:15, would they be eligible to exercise the rights?

• Eligibility is determined on a folio-wise basis by the RTA.Even though both demat accounts may be linked to the same PAN, the shares would be held in separate folios in the RTA's records. Therefore, in a situation where an individual has 10 shares in one demat account and 5 shares in another, they would not receive the rights entitlement.