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Useful information for beginners

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Useful information for beginners

Post  Admin on Sun Dec 19, 2010 2:12 pm

Trading Session : 11:00 AM - 3:00 PM

Settlement/Scrip Maturity : After Purchase - 3rd working day for Category A,B,G,N and 9th working day for Category Z.

A-category companies : Companies, which are regular in holding the current annual general meetings and have declared dividend at the rate of ten percent or more in the last English calendar year.
B-category companies : Companies, which are regular in holding the annual general meetings but have declare dividend below ten percent in the last English calendar year.
N-category companies : All newly listed companies except Greenfield companies shall be placed under N-category companies for which the settlement procedure followed for B- category companies shall be applicable.
G- category companies (i.e. greenfield companies) : Newly listed shares of those companies, which do not fall under any of the Categories mentioned above or below , shall be placed under G - category companies for which the settlement procedure followed for B- category companies shall be applicable.
Z- category companies : Companies, which failed to hold the current annual general meetings or have failed to declare any dividend or have declared dividend but failed to pay it off within 60 days.
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