ICICI Bank 2003 Annual Report Download - page 49

47
Directors’ Report
As per SEBI guidelines, ICICI Bank shares are being traded only in dematerialised form. During the year,
3,682,781 shares of ICICI Bank were transferred into electronic mode, involving30,340 certificates. At
March 31, 2003 about 96.11% of ICICI Bank’s paid-up equity (including equity shares represented by
ADRs constituting 26.10% of the paid-upequity share capital) comprising589,219,692 shares had been
dematerialised.
Physical share transfers are registered and returned typically, within a period of, seven days from the date
of receipt, if the documents are correct and valid in all respects. A letter is sent to the shareholder giving
an option to receive shares in physical or dematerialised mode. A period of 30 days is given to the
shareholder for sending his intimation. The shareholder then receives the shares in the form he exercises
his option for. No applications for transfer of equity shares were pending as on March 31, 2003.
The number of shares of ICICI Bank transferred during the last three years is given below:
Fiscal 2001 Fiscal 2002 Fiscal 2003
Number of transfer deeds ...................... 7,703 2,114 8,140
Number of shares transferred ................ 811,600 315,038 1,126,355
As required under Clause 47(c) of the listing agreements entered into by ICICI Bank with stock exchanges,
a half-yearly certificate is being obtained from a firm of practising Company Secretaries, in regard to,
inter alia, effecting transfer, transmission, sub-division, consolidation, renewal and exchange of equity
shares and bonds in the nature of debentures within one month of their lodgement. The certificates are
forwarded to stock exchanges where the equity shares are listed within 24 hours of issuance and also
placed before the Board.
In terms of SEBI’s circular no. D&CC/FITTC/CIR-16 dated December 31, 2002, a Secretarial Audit is being
conducted on a quarterly basis by a firm of Chartered Accountants, for the purpose of, inter alia,
reconciliation of the total admitted equity share capital with the depositories and in the physical form
with the total issued/paid-up equity capital of ICICI Bank. Certificates issued in this regard are placed
before the Share Transfer & Shareholders’/Investors’ Grievance Committee and forwarded to stock
exchanges where the equity shares of ICICI Bank are listed.
For any share-related queries, please call ICICI Infotech at [phone], fax your query at
[phone]/81 or email to [email protected].
Registrar and Transfer Agents
The Registrar and Transfer Agents of ICICI Bank is ICICI Infotech Limited. Investor services related
queries may be directed to T. V. Rangaswami at either of the addresses below:
ICICI Infotech Limited ICICI Infotech Limited
International Infotech Park Maratha Mandir Annexe, Maratha Mandir
Tower 5, 4th Floor Dr. A. R. Nair Road
Navi Mumbai 400 705, Maharashtra Near Mumbai Central Station
Tel.: [phone] Mumbai 400 008
Fax: [phone]