Asian Paints Ltd. - Updates

March 04, 2016 - 07:21:00 PM

Asian Paints Ltd has informed BSE that:

"This is to inform you that the Company has issued a notice to M/s. Sharepro Services (India) Pvt. Ltd., Company's Registrar & Transfer Agent, (hereinafter referred to as ?Sharepro Services?) for termination of the Agreement entered into with Sharepro Services, w.e.f. 1st April, 2016.

The Company had discovered certain irregularities at Sharepro Services, w.r.t. the share related operations and dividend encashment activities.

After conducting preliminary internal investigations, the Company had filed a complaint with the Police department against Sharepro Services and its employees, for further investigation, which was converted into an FIR.

The Company is in the process of evaluating other Registrar & Transfer Agents for a smooth transition and will make necessary disclosures on any development in this regard.

This is without prejudice to the Company?s rights to initiate appropriate civil and criminal proceedings against Sharepro Services and its employees."

CIN: U67190WB2003PTC096617. Trading in Commodities is done through our Group Company Dynamic Commodities Pvt. Ltd. The company is also engaged in Proprietory Trading apart from Client Business.
“2019 © COPYRIGHT DYNAMIC EQUITIES PVT. LTD.”

Disclaimer: There is no guarantee of profits or no exceptions from losses. The investment advice provided are solely the personal views of the research team. You are advised to rely on your own judgment while making investment / Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read and understand the Risk Disclosure Documents before trading/Investing.

Disclosure: We, Dynamic Equities Private Limited are also engaged in Proprietory Trading apart from Client Business. In case of any complaints/grievances, clients may write to us at compliance@dynamiclevels.com

  • Download our Mobile App
  • Available on Google Play
  • Available on App Store
  • RSS