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Here is the list of companies that have recently announced Book Closure dates. Keep track of the start date, end date and announcement date.
Book closure refers to the period during which a company's stock records are closed or temporarily suspended for updating. It is a specified timeframe during which shareholders cannot transfer their shares and new shareholders cannot be added to the company's records. The purpose of book closure is to determine the list of shareholders who are eligible to receive dividends, participate in corporate actions like bonus issues or rights offerings, and exercise voting rights at shareholder meetings.
Types of Book Closures :
There are primarily two types of book closures :
• Regular Book Closure : This is a scheduled period announced by a company during which the transfer of shares is temporarily suspended. It is typically done for the purpose of determining the list of shareholders eligible for dividends or corporate actions.
• Special Book Closure : This occurs when a company needs to update its records for a specific reason outside of the regular schedule. It could be for purposes such as issuing bonus shares, conducting stock splits, or holding an extraordinary general meeting. Special book closures are announced by the company as needed.
Ans- Yes, book closure is mandatory for listed companies.
Ans- Book closure start date, also known as the record date, is the beginning of the period during which the company's records are closed for updating. It marks the start of the timeframe during which shareholders must hold their shares in order to be eligible for dividends, corporate actions, or voting rights.
Ans- The ex-date is typically one business day before the book closure date.
Ans- The minimum book closure period, as per regulatory requirements, varies depending on the jurisdiction and the company's own policies. Generally, it ranges from a few days to a couple of weeks.
Ans- The maximum time for book closure is typically determined by regulatory guidelines and the company's own policies. Generally, book closure periods tend to be relatively short, ranging from a few days to a few weeks.
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