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Established in 1990, Superior Information Systems Inc., over the period of time has blossomed into one of the leading Software Development Houses in the country, providing complete ERP solutions to businesses both through customized and off the shelf products tailored to meet local conditions and laws. Majority of our clients are those,Read More...

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Shares Accounting

Central Depository Company (CDC) Features

  • The maintenance of CDC Master file for the purpose of keeping record of (Op/Balance, Right Holding, Bonus Holding, Balance) for CDC Shareholders. There will not be allocated share certificates in Certificate File against each CDC-Shareholder for this kind of Holding. Shares related to transfers will be entered / posted in CDC-Master File in order to update the Balance.
  • CDC Master Audit will be maintained in view of Bonus Shares and Right Shares which must be equivalent to CDC Account in Master File.
  • Transaction-Id will be entered in Transfer Data Entry and all screen modules and printing registers related to un-posted and posted transactions will be updated accordingly. In addition to this, the processing and Printing of Form-A with total breakup of CDC Shareholders will also be accounted for.
  • All sub-programs and modules related to Splitting, Lost, Replacement, Pledge, Verification/Stop Verification will be restricted for handling of CDC Share Certificates, if once, transfer of shares to CDC A/C is processed. Restoration of Lost Share Certificate to the Normal Share Certificates will also be maintained.
  • Processing of issuance under withdrawal from CDC A/C is done based on the creation of new share certificates for that particular shareholder.
  • The creation of Bonus Shares and all the Master processing along with CDC Shareholders' Balance.
  • The creation and building-up of Right Entitlement, Right Letters and its subscription will be maintained under CDC A/C. In addition to this, Cash Dividend and Dividend Warrants processing will also be handled.
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