STANDARD NORMS FOR INVESTORS’ SERVICES AND MANDATORY FURNISHING OF PAN, KYC AND NOMINATION
In an effort to protect the interest of Investors, Securities and Exchange Board of India (“SEBI”), vide its Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/35 dated March 16, 2023, has prescribed the common and simplified norms for processing service request of investor’s by Registrar & Share Transfer Agents (“RTAs”).
In accordance with the aforesaid Circular, it has been made mandatory for all holders of physical securities to furnish / update the following details/self-attested documents on priority to RTA of the Company:
*PAN to be furnished should be linked to Aadhaar. In case the same is not linked on or before June 30, 2023 or any other date as may be specified by the Central Board of Direct Taxes, your PAN will be deemed to be invalid and consequently your folio will be treated in the same manner as applicable in case of folios for which PAN has not been furnished and shall also be frozen by the RTA.
Effective October 1, 2023, the RTAs will not process any service requests or complaints received from the holder(s) / claimant(s), till PAN, KYC and Nomination details are updated. In the event of failure to submit / update the details, please note that:
Frozen folios will be reverted to normal status upon receipt of all the details as mentioned above.
Shareholders of the Company holding shares in physical form are therefore requested to furnish / update their PAN / KYC/ Nomination details, if not done earlier, with the RTA of the Company by using the relevant forms as mentioned herein below.
|Description of the Form||Form No.|
For Registration of PAN and KYC Updation
Confirmation of Signature of securities holder by the Banker
Declaration Form for Opting- out of Nomination
For Cancellation or Variation of Nomination
SEBI further clarified that for availing services like issue of duplicate securities certificate, replacement / renewal / exchange, consolidated, subdivision/splitting of securities certificate, endorsement, consolidation of folios, change in the name of holder and claim from Unclaimed Suspense Account & Suspense Escrow Demat Account the request is to be made by the shareholder in Form ISR-4 and request for transmission is to made in Form ISR-5.
We urge all shareholders, who have not yet dematerialized their shares, are also herewith advised to get their shares dematerialized at the earliest.
Details of the RTA of the Company:
Kfin Technologies Limited
Address: Selenium Tower-B, Plot No. 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad - 500 032, Telangana
Contact No.: 040 - 6716 2222