Trading in Shares of the company is suspended. Please advice?
Companies may be suspended from trading on various grounds such as;
(a) Non payment of listing fees.
(b) Non fulfillment of listing agreement. etc.
Shares of the company are listed and traded on the Stock Exchange, subject to compliance with the listing agreement. The Stock Exchange can suspend the company if it does not comply with the same.
As the company shares are suspended from trading in the Stock Exchange, it will not be possible for you to trade in these shares through the Stock Exchange.
You will be able to encash the value of your shares if you are able to find a willing buyer for your shares.
The details of the companies suspended from BSE and NSE are given under:
BSE: http://www.bseindia.com/about/datal/suspend.asp (or)
http://www.bseindia.com/ > Listed Companies > Suspended Companies
NSE: http://www.nseindia.com/content/equities/eq_secavailable.htm (or)
http://www.nseindia.com/ > Corporates > Securities Information