PAN, KYC and Nomination

Kind Attention Security holders,
 
Securities and Exchange Board of India (SEBI) vide Master Circular dated 07.05.2024 and Circular dated 27.12.2023 has mandated the following:

(i) For investors holding shares in demat account- to submit their choice of nomination with their respective depositories/DP.

(ii) For investors holding physical securities- to update their PAN, Choice of Nomination, Contact details (postal address with PIN and Mobile Number), Bank A/c details and Specimen signature for their corresponding folio numbers with the RTA (Registrar and Share Transfer Agent) of the Company in respect of all concerned Folios, by using the relevant forms as appended below. 

 
Physical security holders whose above details are not updated shall be eligible:
(i) To lodge grievances or avail any services request from the RTA only after furnishing PAN, KYC details
(ii) For any payment including dividend, interest or redemption payment in respect of such folios, only through electronic mode w.e.f. 01.04.2024.
 
SEBI vide circular dated 10.06.2024 provides that security holders holding securities in physical form shall be eligible for receipt of  any payment  including dividend, interest or redemption payment as well as  to  lodge  grievance  or  avail  any  service  request  from  the  RTA  even  if  'choice  of nomination' is not submitted by these security holders.
 
The holders of physical securities are requested to ensure that their PAN is linked to Aadhaar. All holders of physical securities, who have not yet dematerialized their securities, are also advised to get their securities converted into electronic form (DEMAT).