KPMG Share Registrar Services (Bahrain)
Overview
KPMG's Share Registration Services practice assists the Companies and Investment Managers (Fund Managers) in maintaining a record of the shareholders register. KPMG SRS office also helps the companies in execution of corporate actions like distribution of cash & stock dividends, shareholders correspondence, providing confirmations to shareholders on their investments, attending AGM/EGM to ensure the quorum, maintaining automated systems and related procedures and controls that are consistent with current share registry technology and best industry practices. KPMG SRS also provides the Registrar Services for IPOs, Mutual Funds, Bonds, Rights Offerings and Private Placement Memorandum. The core activities include:
(a) Initial Public Offering (IPO) Registry Services:
Fixing commencement date for subscription
Briefing the Receiving Banks (RB) and ensuring the flotation aspects are well managed
Receiving and processing of subscription applications
Applications entry in to Registrar system followed by verification and reconciliation
Shares Allotment
Securing necessary approvals from Central Bank of Bahrain (CBB) to help companies publish allotment results
(b) Mutual Funds Registry Services:
Maintain accurate unit holders register as per the KYC norms of BSE
Execute cost and profit distribution
Carry out transfer, subscription and redemption of Units in accordance with the Fund Prospectus
Providing statement of account, subscription and redemption confirmations to unit holders
Dispatch invitations, account statements, reports, notices and other documents to the Unit Holders
Responding to the investor queries
Providing unit holders register to the Fund Manager on monthly basis as a part of CBB disclosure requirement
Confirming the Fund Administrator of the number of Units outstanding for the purposes of next NAV calculation
(c) Registrar & Transfer Services:
Maintaining accurate shareholder registers
Registration and certification of share transfers
Pledge registration & releasing
Issuance and dispatch of share certificates
Updating shares register on account of capital increase/decrease & shares swap
Updating electronic shares register of all stock markets
Providing various shareholding reports on request
Preparing, printing and dispatching dividend cheques
Mailing / distribution of corporate benefits
Carry out interest calculations and redemptions on maturity for debt instruments
Reconciliation of dividend bank accounts
Assisting shareholders opening depository account in Bahrain Stock Exchange
Assisting the management in delivering proxy forms and in receiving, reviewing and counting proxies
Attending shareholder ordinary & extra-ordinary general meetings and ensuring quorum
Secure Online Access to companies shareholders through their portal:
KPMG Bahrain SRS Office offers online access to companies as well as their shareholders for tracking their investments as and when required. Companies and Investment Managers have access to investor records, details of corporate actions and General Assembly Meetings enabling their shareholders to update their address and keeping them informed about the latest happenings. Investors have access to their latest investor NAV statements, contract notes, and other reports as appropriate for the fund. The secure online access provides the companies with following advantages:
The Shareholders can access the information on timely basis from anywhere in the world
Enables the shareholders to track their investments in the Company from time to time
Provides information on the corporate actions like dividends and bonus declared by the company
Bilingual user interface allows flexibility to all the shareholders for updating their address and contact details
Reduce administration work and shareholders complaints for the Company
Empowers the company by bringing value addition to their interaction with the investors’ services.
With the growing business needs of Companies, holding shareholders expectations paramount, change and industry best practices evolve, KPMG Bahrain SRS is well positioned to respond quickly, without any complexity thereby giving Companies and Investment Managers the foundation and support they need to maintain their competitive edge and focus on building a solid business while we take care of the investor servicing.
For further information on the above services please contact:
Partner – Jeyapriya Partiban
Director –Ahmed Qassim
(b) Mutual Funds Registry Services:
(c) Registrar & Transfer Services:
Secure Online Access to companies shareholders through their portal:
KPMG Bahrain SRS Office offers online access to companies as well as their shareholders for tracking their investments as and when required. Companies and Investment Managers have access to investor records, details of corporate actions and General Assembly Meetings enabling their shareholders to update their address and keeping them informed about the latest happenings. Investors have access to their latest investor NAV statements, contract notes, and other reports as appropriate for the fund. The secure online access provides the companies with following advantages:
With the growing business needs of Companies, holding shareholders expectations paramount, change and industry best practices evolve, KPMG Bahrain SRS is well positioned to respond quickly, without any complexity thereby giving Companies and Investment Managers the foundation and support they need to maintain their competitive edge and focus on building a solid business while we take care of the investor servicing.
For further information on the above services please contact:
Partner – Jeyapriya Partiban
Director –Ahmed Qassim
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