If The Company Is File Bankruptcy I Still Have A Chance To Find Other Job Without Banned/

What happens to a company's stock when a company shuts down? Do the investors get anything?

In that event, the company's shareholders may be entitled to a portion of the liquidated assets, depending on which shares they hold and how much liquid assets are left over. However, the stock itself will become worthless, leaving shareholders unable to sell their defunct shares. Therefore, in the case of corporate bankruptcy, the only recourse is to hope that there is money left over from the firm's liquidated assets to pay the shareholders.Upon bankruptcy, a firm will be required to sell all of its assets and pay off all debts. The usual order of debt repayment, in terms of the lender, will be the government, financial institutions, other creditors (i.e. suppliers and utility companies), bondholders, preferred shareholders and, finally, common shareholders. The common shareholders are last because they have a residual claim on the assets in the firm and are a tier below the preferred stock classification. Common shareholders often receive nothing at all, as there is usually very little left over once a firm has paid its debts.The amount of the payment a common shareholder will receive is based on the proportion of ownership they have in the bankrupt firm.For further details visit : Wazzeer - Smart Platform for Legal, Accounting & Compliance services.

What happens to my investments if my stock broker goes bankrupt in India?

Great question.. even I used to wonder about it (and is still curious/confused). But I will just write here my thoughts so someone can correct me if am wrong.Also, I'm not sure whether you meant brokers like HDFC Sec, ICICI Direct, etc. or a discount broker like SAS or RKSV.When we buy shares via traditional brokerages like HDFC, ICICI, we are the owners. That's why we get newsletters or dividends to our address or bank accounts.So I imagine even if the broker goes bankrupt we still are the owners of those shares and no one can take it (someone correct me if am wrong). Maybe it's like I bought a property and then lost its documents kind of situation.Now when we buy shares via a discount broker then as Sameer has pointed out those guys keep the shares in a pool account. And if I'm right then the broker owns all the shares in those pool accounts (unless pool accounts are managed by the exchange or something like that).When the shares are held in a pool account we never get the dividends directly (so most probably we are not the owners). When a dividend is paid these brokers credit it manually (or maybe automated) to our discount broker account and then we need to transfer it to our own bank accounts (by placing a fund request). So in this case I think if the discount broker goes bankrupt then we will be in trouble for sure -- though there could be a solution (because we don't know how these pool accounts are managed). If it's managed by the exchange itself then it's safe.My Advice / SolutionI relied on HDFC Sec and only HDFC Sec for almost a decade and then came to know about these discount brokers like SAS, RKSV, etc. So, after reading about them I opened an account with SAS although I was not sure about how it works. But then things became clear. So what I am doing is.. I buy shares via SAS and then transfer all of them to my primary broker (HDFC in this case) and keep the shares in HDFC Bank demat account. However, if you are a trader then it may not be the best solution as you can't sell those transferred shares instantly via the discount broker itself until you transfer it back to the pool account.But if you hold a trading account with the regular broker as well (HDFC in my case) then you can sell it anytime (it's just that you have to pay their brokerage).