The Company believes that sound corporate practices based on openness, credibility and accountability are essential to its long-term success. These practices will ensure the company, having regard to competitive exigencies, conducts its affairs in such a way that would build the confidence of its various stakeholders in it and its Boards' integrity.
To successfully implement the principles of corporate governance, Great Eastern Shipping has made the following 3 committees:
The Audit Committee has been setup to oversee the Company's financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible. It deals with the recommendation on the appointment and removal of external auditor, and the adequacy of internal control systems. The Committee is also responsible to look into the reason for any default in the payment to the depositors, debenture holders, shareholders (in case of non payment of declared dividends) and creditors.
The Remuneration Committee determines the Company's policy on specific remuneration packages for Wholetime Directors including pension rights and any other compensation related matters. The Committee works on the policy of compensating the Wholetime directors commensurate to the earnings of the Company and the efforts put in by them for achieving the same. At present the Committee has no scheme for the Wholetime Directors or employees for grant of stock option.
The Investor Grievance Committee ensures redressal of the shareholder and investor complaints relating to transfer of shares, non receipt of balance sheet, the complaints in respect to non receipt of dividends/interests/payments on redemption of preference shares, debentures, bonds or such other instruments which are redeemable.
The shares department of The Great Eastern Shipping Company Limited aims at delivering valuable service to the shareholders of the company by providing consistent and adequate information at all times and redressing their problems and complaints in a timely manner.
Contact Person : Ms. Rajulla Frito
Address : Shares Department
The Great Eastern Shipping Company Limited
Ocean House
134 A, Dr.Annie Besant Road
Worli, Mumbai - 400 018. India.
P : + 91 22 6661 3000
F : + 91 22 2492 5900
E : shares@greatship.com
Address :
Vistra ITCL (India) Ltd.
The IL&FS Financial Centre,
Plot C - 22, G Block, 7th Floor
Bandra Kurla Complex, Bandra (E), Mumbai 400051
P : + 91 22 26593535
F : + 91 22 26533297
E : www.vistraitcl.com
Contact Person: Mr. Anil Dalvi
Address :
KFin Technologies Limited
Selenium Building, Tower B, Plot Nos 31- 32,
Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareddy, Telangana, India - 500 032
Investor Support Centre (DIY Link): https://ris.kfintech.com/clientservices/isc
Toll Free : 1800 309 4001
Whatsapp Number : +91 910 009 4099
E : einward.ris@kfintech.com
W : www.kfintech.com
KPRISM (Mobile Application): https://kprism.kfintech.com/
RTA Website: https://ris.kfintech.com/
Contact Person : Mr. Anand Punde
Designation : Company Secretary
Address :
Ocean House, 134/A, Dr. Annie Besant Road,
Worli, Mumbai 400 018. India.
P : +91 22 6661 3000 / +91 86575 38728
F : +91 22 2492 5900
E : shares@greatship.com
Contact Person : Ms. Rajulla Frito Designation : Deputy Manager P: +91 22 6661 3000 E: shares@greatship.com
Contact Person : Mr. Atul Kelkar Designation : Deputy Manager P: +91 22 6661 3000 E: shares@greatship.com
Master Circular for Online Resolution of Disputes in the Indian Securities Market - SEBI CIRCULARS – SCORES and ODR
SEBI Process Flow for handling complaints through SEBI Scores Platform - SEBI SCORES PROCESS FLOW
Link to SMART ODR - https://smartodr.in/login
Link to SEBI SCORES 2.0 Portal - https://scores.sebi.gov.in/
Shares Transfer requests received in physical form is registered within an average period of 15 days. A Shares Transfer Committee comprising of members of the Board meets once in a week to consider the transfers of shares. Request for dematerialisation (demat) received from the shareholders are effected within an average period of 15 days
With effect from April 5, 1999, the Company's shares are traded in Compulsory Demat form. Shareholders can no longer trade in
the physical form. Dematerialization of shares involves converting the physical shares into electronic form. Investors trade in the system
through Depository Participants. The process leads to lower transaction costs and the elimination of bad deliveries and problems attached
with the physical shares like theft, forgery and mutilation. Further, there are no charges as stamp duty during shares transfer. For further
information on dematerialization kindly visit: National Securities Depository Limited Central Depository Services (India) Limited.
Download the relevant form in Acrobat PDF format and mail it to:
Address :
Ms. Rajulla Frito
The Great Eastern Shipping Company Ltd.
Ocean House, 134/A, Dr. Annie Besant Road,
Worli, Mumbai - 400 018 India.
P : +91 22 6661 3000
F : 91 22 2492 5900
E : shares@greatship.com
Most questions from shareholders concerning shares of G E Shipping relate to transfer of shares, change of address, account status, replacement of missing dividend cheques, replacement of lost certificates etc.
Registered owners of G E Shipping shares (those share holding either in physical or demat form) can obtain account information by contacting:
G E Shipping's Registrars & Share Transfer Agents
KFin Technologies Limited
Karvy Selenium Tower B, Plot Nos 31- 32,
Gachibowli, Financial District,
Nanakramguda,
Hyderabad 500 032, India
Note that you will need to provide the following information:- Registered Folio No. - Names of the shareholders - Number of shares held- Client ID & DP ID.
Yes. A requisite form needs to be filled in for subscribing to the Electronic Clearing Service. Needless to mention that your bank must be a participant in the ECS. Kindly download the form from the site.
If your share certificate is lost, stolen or destroyed, you should notify our Registrars & Share Transfer Agents, KFin Technologies Limited immediately so that a Stop Transfer can be initiated. Lost, stolen or destroyed share certificates must be replaced after an Indemnity Bond has been signed.Kindly download the form of indemnity bond from the Forms section.
If the shares are in physical form kindly notify our Registrars & Share Transfer KFin Technologies Limited of a change in your mailing address. This will reduce the possibility of a delay in receiving your notices, shareholder correspondence, dividend cheques and other important shareholder mailings. If the shares are in Electronic Form (Demat), kindly notify to our Depository Participant (D.P.).
For corporate reports and literature call:
G E Shipping Corporate Communication Dept.at
Phone: 022-66613000.
Email: corp_comm@greatship.com
or
Write to:
G E Shipping Co. Limited
Ocean House, 134/A, Dr Annie Besant Road, Worli, Mumbai - 40001
G E Shipping was incorporated on 3rd August, 1948.
G E Shipping is a public listed company incorporated under the Indian Companies Act, 1913.
G E Shipping shares are listed and traded on the Mumbai Stock Exchange and National Stock Exchange, while GDRs are listed and traded at Luxembourg Stock Exchange.
BSE: 500620 NSE: EQ GESHIP
Yes. Refer to dividend details.
1st April to 31st March.
Deloitte Haskins & Sells LLP
You can send an email to hrd@greatship.com. Visit the career opportunities section for more information.
The main terms used in the depository system are
narrated below: Depository = Depository is an
entity incorporated under the Companies Act, 1956,
which has been authorized by SEBI to act as
depository. Currently there exist 2 main
depositories, namely The National Securities
Depository Limited (NSDL) and the Central
Depository Services (India) Limited (CDSL). The
main depository is akin to RBI in the banking
system.
DP = Depository Participant. A DP has to
compulsorily be registered with SEBI and can be a
participant either of NSDL or CDSL. DPs are akin
to Banks in the banking system and maintains
securities account in place of money account.
DP ID = Every DP registered with SEBI will have a
unique registration number and it is known as DP
ID.
Client ID = This is also known as Beneficiary
Account /Demat Account number. Like a bank account
for money, whenever a security account is opened
with any DP, an account number is allotted by the
DP is known as Client ID / Beneficiary Account
/Demat Account number.
DRF = Dematerialisation Request Form = This form
has to be filled in triplicate and submitted to
the DP along with the certificate for converting
physical securities into electronic form. DRF can
be obtained from the concerned DP.
Delivery Instruction Books (DIB) = These slips are
to be used for debiting the account with the
number of securities sold / transferred. DPs issue
pre-printed DIB containing the names of the
account holders and the Client ID, to its clients.
Investors are advised to use pre-printed DIB and
keep the same in safe custody.
ISIN stands for International Security
Identification Number. Every security in the
depository is allotted a unique identification
number called ISIN. The ISIN allotted to G E
SHIPPING equity share is INE 017A01024.
Shares are traditionally held in physical or paper
form. Holding / trading of shares in physical form
has certain drawbacks and the said drawbacks are
either fully eliminated or minimized largely in
the electronic form of holding or trading in
shares. Dematerialisation is the process of
converting securities held in physical form into
electronic form.
Holding shares and other securities in
dematerialised(electronic) form has inter-alia the
following advantages:
• Speedy execution of transactions viz. sale,
purchase, transfer, transmission etc.
• Genuineness of the securities held - no risk of
holding fake certificates.
• Less paper work resulting in timely cost
savings.
• No stamp duty hence cost savings.
• Risk of bad delivery eliminated.
Immediate effect to allotment / credit in case of
Bonus / Right Issues.
When you decide to convert your securities held currently in physical form to electronic form, you should approach any DP and open a demat account. You will be allotted a Client ID. Thereafter one should surrender the share certificates to ones DP by filling the DRF. On receipt of the DRF the DP generates the Demat Request Number (DRN) and thereafter will arrange to get the certificate along with the DRF sent to the Company/Share Registrar. The Company/ Share Registrar after due verification confirm the DRN and upon confirmation, the number of securities dematerialised are credited in electronic form to the respective demat account. This process is termed as de-materialisation. One can always reverse this process if one so desires and get the shares reconverted into paper form. This process is termed as re-materialisation.
Share transactions (like sale or purchase and
transfer/transmissions etc.) in the electronic
form can be effected in a much simpler and faster
way. Like in physical form, sale of securities in
electronic form in the Share Exchange has to be
carried through a registered broker. After the
sale is confirmed by the broker the seller is
required to give debit instruction to his DP for
debiting the number of securities sold, by filling
the Delivery Instruction (DIB).
In case of purchase of securities, after the
payout the broker will ask his DP to debit his
account and credit the Client account of the
purchaser with the number of shares purchased.
The charges to be borne by the investors are for dematerialisation/ maintaining demat account, transaction charges involving sale/purchase etc. These charges are market determined differ from DP to DP and are usually debited to the designated bank account of the investors.
The Company will get a download of data of beneficiaries holding shares of the Company in demat form as on a record date. On the basis of this data the Company will send the notice of the meeting, annual report and corporate benefits like dividend/right/bonus etc. The rights of the shareholders holding shares in Demat form are at par with those holders in physical form.
Common risk factors associated with to trading in
physical shares like mismatches in signatures,
loss in postal transit etc., are absent since the
dematted shares are traded in scrip less mode.
However in the unlikely event of any other
dispute, the concerned Share Exchange and/or
Depository Participant, Depository Custodian viz.
NSDL/CDSL or SEBI would need to be approached for
resolving specific issues.
Pledge of shares in demat mode is very simple. All one has to do is to submit the dully filled in Pledge Creation Form (Form W/ Exhibit 15) to ones DP.
As your demat account is maintained by the DP, any communication/ intimation regarding change in address, change in bank account details, ECS mandate, registration of nominees etc. as also any query with regard to the demat account should be made to ones DP. Since the Company / Share Registrar has no access to ones depository account any request regarding any of the above subject would be futile.
After executing the transfer deed with proper stamp duty, kindly send the transfer deed along with the share certificate(s) to the Registrars & Share Transfer Agents. It takes a period of 7 days.
Requests for Transfer of Shares should be sent to the Registrars & Share Transfer Agents at the following address:
KFin Technologies Limited
Karvy Selenium Tower B, Plot Nos 31- 32,
Gachibowli, Financial District,
Nanakramguda,
Hyderabad 500 032, India
• I want to add another joint-holder to my shareholding. What is the procedure that I should follow?
Addition of any name means technically transfer of shares. In such cases share transfer procedure needs to be followed.
Currently, the stamp duty payable is 0.25% of the total consideration of transaction
The charges to be borne by the investors are for dematerialisation/ maintaining demat account, transaction charges involving sale/purchase etc. These charges are market determined differ from DP to DP and are usually debited to the designated bank account of the investors.
After executing the transfer deed with proper stamp duty, kindly send the transfer deed along with the share certificate(s) to the Registrars & Share Transfer Agents. It takes a period of 7 days.
In case of death of any joint shareholder, an application has to be made to the Company along with a certified copy of the Death Certificate. The Company shall on receipt of the death certificate along with a request letter and all share certificates, delete the name of the deceased shareholder and return the share certificate(s) duly endorsed in favour of the remaining shareholder(s).
In such a situation it is very difficult to prove
the ownership of estate of the deceased member.
Following documents along with the share
certificate(s) need to be submitted to the Company
for transmitting the shares:-
Request for transmission in writing
Certified copy of the Death certificate
Certified copy of any one of the following:
Letter of Administration from court, if applicable
Succession Certificate, if applicable
Title Claim, if required and
No Objection from the other legal heirs, if
any.
The Company may however also consider transmission
of shares without receiving any of the documents
mentioned at 'C' above on receipt of an Indemnity
Bond on stamp paper of Rs. 200 and an Affidavit on
stamp paper of Rs. 20.
You may please write to the Registrars & Share Transfer Agents furnishing the particulars of the dividend not received. Please also quote your folio number/ DP ID & Client ID particulars (in case of dematted shares). After verification, duplicate dividend warrant will be issued in case the dividend remains unpaid as per the records of the Company.
If the validity period of the original dividend warrant has not yet expired, you will have to wait till the date expires since duplicate dividend warrant cannot be issued during the validity of the original warrant. However after the expiry of the validity period, if after completion of reconciliation, the warrant is un-encashed as per the records you will be need to intimate the Registrars & Share Transfer Agents with your request for issue of a duplicate. On receipt of such a request dividend warrant will be issued.
Since the dividend warrants are payable at par at various branches of the bank across the country, it is practically impossible for the banks to issue stop payment instructions and it is therefore necessary for the company to wait till the expiry of the validity of the original warrant.
If you are holding shares in physical form, please inform the Registrars & Share Transfer Agents quoting your folio number, name and address of your bank and the account number. The Company shall incorporate the same in all your future warrants. However if you are holding the shares in Demat form, such details will have to be given to your DP. Your DP in turn will pass on this information to the Company. This procedure is in accordance with depository regulations.
Most questions from shareholders concerning shares of G E Shipping relate to transfer of shares, change of address.
Yes, you can opt for ECS, under which the dividend amount will be directly credited to your bank account. Kindly follow the procedure mentioned at '6' below. If ECS facility is not available we will arrange to send the dividend warrant to your bank with a request to credit the proceeds of the warrant to your bank account.
Under this system, the dividend amount is directly
credited to the designated bank account of the
investor through the electronic clearing service
(ECS) of the Reserve Bank of India. ECS has the
following advantages
• Timely credit of dividend amount to the account
of the shareholder.
• No risk of loss of dividend warrants.
• No risk of fraudulent encashment.
Shareholders should request for ECS facility in
writing and the said letter should contain the
following particulars:
• Name of the Bank and branch
• Account Number
• Type of account (saving/current/OD etc)
• Nine digit code number appearing on the cheque
Shareholders are also required to attach the
photocopy of one of the cheques or a cancelled
blank cheque of the relevant account with the
letter. The company will record the same and all
subsequent dividends will be credited directly to
the respective bank account.
No, ECS facility is available at the following cities only: Ahmedabad, Bangalore, Bhopal, Chandigarh, Chennai, Delhi, Hyderabad, Jaipur, Kanpur, Kolkata, Mumbai, Nagpur, Pune and Trivandrum.
Kindly send a request letter duly signed by all shareholders giving the new address along with the old address. Kindly note that mentioning of the pin code number in the postal address is compulsory. No request for change in address will be accepted by e-mail / fax.
Yes, they can, but then all the shareholders must sign the letter in the order of the names as it appears on the share certificates.
No, there cannot be multiple communication addresses.
You have to submit a nomination form (Form 2B) in duplicate, duly filled and signed. If the shares are held in joint names all the holders must sign the nomination form. On receipt of the request for registration of nomination, the Company will register the same by allotting registration number. The duplicate copy of the nomination form will be returned with an endorsement indicating the registration number and date.
No, only the details of the shares are required to be mentioned in the nomination form.
No, they are joint owners.
Nomination once made can be revoked by a shareholder by giving a fresh nomination. If a new nomination is made, then the earlier one stands revoked. If joint holders make the nomination, and one of the joint holder dies, the remaining joint holder/s can make a fresh nomination.
The nominee is required to send the following
documents to get the shares transmitted to his
name.
• death certificate of the shareholder duly
attested
• original share certificates and
• his proof of identification
No.The nominee should first get the shares transmitted in his name and only after that he is entitled to sell the shares.
For making a nomination with respect to dematted shares, shareholders have to approach their respective DPs. In the account opening form provided by the Depository Participants there is a provision for providing the name of the nominee. Please consult your Depository Participant for further details.
Please inform the Company's Registrars & Share Transfer Agents immediately about loss of share certificates quoting your folio number and details of share certificates. Simultaneously, you will have to lodge a complaint with the relevant police station close to your house/office etc. regarding loss of share certificates. The Company will contact you soon on receipt of the FIR copy regarding the future course of action.
Shares of G E SHIPPING are listed on the Stock Exchange, Mumbai (BSE) and the National Stock Exchange (NSE) and permitted to be traded at all Stock Exchanges. Its GDRs are listed at Luxembourg Stock Exchange.
The Share code of G E SHIPPING Equity Shares at BSE is "500620" and at NSE it is "EQ GE SHIP".
The procedure to be followed for registration of shares gifted is same as the procedure for a normal transfer. Stamp duty is also applicable in case of gifted shares.
Declaration of DTAA