Four Soft is the world's largest transportation and logistics software products company providing innovative and integrated enterprise solutions ensuring customer satisfaction. Four Soft is headquartered in Hyderabad, India and has 8 Development Centres across the Globe to cater to large clientele. Four Soft currently has over 400 customers with 60,000 plus users in across 120 countries.
Investor Rights and Responsibilities
Rights
Following are the Investor's Rights in the company- To receive the share certificates, on allotment or transfer as the case may be, in due time.
- To receive copies of the abridged annual report, the balance sheet and the profit and loss account and the auditor's report.
- To participate and vote in general meetings either personally or through proxies.
- To receive dividends in due time once approved in general meetings.
- To receive corporate benefits like rights, bonus, etc., once approved.
- To apply to Company Law Board (CLB) to call or direct the Annual General Meeting.
- To inspect the minute books of the General meetings and to receive copies thereof.
- To proceed against the company by way of civil or criminal proceedings.
- To apply for the winding-up of the Company.
- To receive the residual proceeds.
The Shareholder may note that the above mentioned rights may not necessarily be absolute. For instance, the right to transfer securities is subject to the company's right to refuse transfer as per statutory provisions.
Responsibilities
Shareholder may have so many rights as a stakeholder in the company, that should not lead to complacency, so as to discharge certain responsibilities to be specific,
- To remain informed
- To be vigilant
- To participate and vote in general meetings
- To exercise the rights on own or as a group.
Depository and Dematerialisation
Shares are traditionally held in physically or paper form. This method has its own inherent weakness like loss/theft of certificates. Forged / fake certificates, cumbersome and time consuming procedure for transfer of shares etc., therefore, to eliminate these weakness, a new system called Depository System has been established.
A depository is a system which holds the shares in the form of electronic accounts in the same way a bank holds the money in a savings account.
- The shares cannot be lost or stolen or mutilated.
- The genuineness of the Shares can never be Doubted i.e.; whether they are forged or fake.
- Share transactions like transfer, transmission etc., can be effected immediately.
- Transactions costs are usually lower than on the physical segment.
- There is no risk of bad delivery.
- Bonus/rights shares allotted to Investor will be immediately credited to the respective account.
- Statement of accounts of transactions/holdings will be received by the Investor periodically.
Grievance Redressal
Four Soft Ltd., follows up with the Depository Registrar and Transfer Agent on all complaints and enquiries received from shareholders regarding the Initial Public Offer and the transfer of shares with a view to resolving them quickly. For further assistance in this regard, shareholders are requested to contact
Seena Sankar
Company Secretary
Four Soft Ltd.
5Q1 A3, 5th Floor, Cyber Towers
Hitec city, Madhapur
Hyderabad - 500 033.
Tel: 040-2310 0600 / 01
Fax: 040-2310 0602
e-mail: investorinfo@four-soft.com
Depository Registrars and Share Transfer Agents of the Company
Mr. Subba Reddy
Karvy Computershare Private Ltd.
UNIT: Four Soft Limited
Plot No. 17-24, Vittal Rao Nagar
Madhapur- Hyderabad - 500 081.
India
Tel : 040 - 44655000 Fax : 23420814
e-mail: karvyhyd@karvy.com
