Investor Relations FAQs
What is the procedure to be followed for transfer of shares and bonds?
SEBI has made it compulsory to trade in ICICI Bank shares only in the Electronic Form with effect from January 04, 1999. Therefore the transfer of shares will take place in electronic form through National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited. Shares can however, be held in physical form. (less than 500 shares)
In case of bonds in the nature of Promissory Notes the investor is required to fill the Notification And Mandate (NAM) Form and no stamp duty is required. In case of bonds in the nature of debentures you are required to execute a transfer deed which can be obtained from the offices of stockbrokers/ stock exchanges. Stamp duty is applicable @ 0.5% on the market value and is to be affixed on the reverse of the transfer deed. The maximum stamp duty payable is Rs.10,000/- in respect of debentures.
Is the dividend paid on ADS subject to withholding tax?
Dividends paid are currently not subject to any Indian withholding or other tax in the hands of the ADS holder.
For more details on taxation as may be applicable in the United States, we request you to contact our depositary, Deutsche Bank at www.adr.db.com
How can I buy an ADS?
You can buy an ADS through a broker, just as you would U.S. securities. You can also buy the ADSs through the DB-Direct Investor Services Program. DB-Direct is a dividend reinvestment and direct purchase plan open to existing shareholders and new investors. Through the program, participants can buy initial and additional ADSs, sell ADSs and reinvest dividends all at low costs. For more information on DB-Direct, please log on to www.adr.db.com and select the DB-Direct tab.
3i Infotech Limited
Mr. S.R. Ramesh
3i Infotech Limited Tower 5,
3rd floor International Infotech Park Vashi,
Navi Mumbai 400 703 Maharashtra INDIA