Why does the Bank charge Rs.50,000/- to the share holders who desire to have copy of list of shareholders?
We have more than 1,15,000 shareholders sread over different parts of the country and as per SEBI guidelines it is necessary that the list is to be provided in hard copies. The amount charged is towards the cost of printing and stationary. It is clearly stipulated in clause 64 of Vijaya Bank General Regulations that the list of shareholders shall be made available for purchase to shareholders at a price fixed by the Board. We have enquired with other public sector Banks, who too charge similar amount for the list of shareholders. Hence the amount of Rs.50,000/- is charged.
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