ICICI Bank 2009 Annual Report Download - page 26

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24
Directors’ Report
The performance of the ICICI Bank equity share relative to the BSE Sensitive Index (Sensex), BSE Bank Index
(Bankex) and NYSE Financial Index during the period April 1, 2007 to March 31, 2009 is given in the following
chart:
Share Transfer System
ICICI Bank’s investor services are handled by 3i Infotech Limited (3i Infotech). 3i Infotech is a SEBI registered
Category I – Registrar to an Issue & Share Transfer Agent (R&T). 3i Infotech is a global information technology
company providing technology solutions and in addition to R &T services provides software products, managed IT
Services, application software development & maintenance, payment solutions, business intelligence, document
imaging & digitization, IT consulting and various transaction processing services. 3i Infotech’s quality certifications
include SEI CMMI Level 5 for software business, ISO 9001:2000 for BPO (including R&T) and ISO 27001:2005 for
infrastructure services.
ICICI Bank’s equity shares are traded only in dematerialised form. During the year, 977,519 equity shares involving
8,456 certificates were dematerialised. At March 31, 2009, 99.12% of paid-up equity share capital (including equity
shares represented by ADS constituting 27.12% of the paid-up equity share capital) has been dematerialised.
Physical share transfer requests are processed and the share certificates are returned normally within a period of
seven days from the date of receipt, if the documents are correct, valid and complete in all respects.
The number of equity shares of ICICI Bank transferred during the last three years (excluding electronic transfer
of shares in dematerialised form) is given below:
Fiscal 2007 Fiscal 2008 Fiscal 2009
Number of transfer deeds 4,804 4,430 3,408
Number of shares transferred 256,196 257,167 367,813
As required under Clause 47(c) of the listing agreements entered into by ICICI Bank with stock exchanges, a
certificate is obtained every six months from a practising Company Secretary, with 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 BSE and NSE, where the
equity shares are listed, within 24 hours of issuance and also placed before the Board of Directors.
In terms of SEBI’s circular no. D&CC/FITTC/CIR-16 dated December 31, 2002, a Secretarial Audit is 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 depositaries 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 BSE and NSE, where the equity shares of ICICI Bank are listed.
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Sensex Bankex NYSE Financial Index ICICI Bank