What will happen if the demat account of the shareholder is frozen?
What will happen if the demat account of the shareholder is frozen?
If the demat account of a shareholder is frozen or demat account details are not available, including shares held in an unclaimed suspense account or in the account of Investor Education and Protection Fund (IEPF) Authority, then REs shall be credited in a suspense escrow demat account of the company and an intimation should be sent to such shareholder by the issuer or registrar to the issue.