SEBI has, vide the Circular No.SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated March 16, 2023, mandated the furnishing of PAN, address with PIN, mobile number, bank account details and nomination / opt out of nomination by holders of physical securities. Also, shareholders are requested to register the email ID with the folio, to be able to correspond and receive relevant communication.
Further, shareholders are requested to note that the folios where any one of the cited details are not available on or after October 01, 2023 shall be frozen by the Registrars and Transfer Agent of the Company (RTA) and services will be impacted as below:
- Frozen folios will not be eligible to lodge grievance or avail service request.
- After April 01, 2024, frozen folios will be not eligible to receive dividend in physical mode.
- After December 31, 2025, frozen folios shall be referred by RTA / Company to the administering authority under the Benami Transactions (Prohibitions) Act, 1988 and or Prevention of Money Laundering Act, 2002.
SEBI has introduced the following forms to standardize and simplify the processing of investor services requests by RTAs:
| Forms | Description |
|---|---|
|
Request for registering PAN, KYC details or changes / up-dation thereof |
|
|
Confirmation of Signature of securities holder by the Banker |
|
|
Nomination form |
|
|
Declaration for Nomination opt-out |
|
|
Change in Existing Nomination |
|
|
Request for issue of Duplicate Certificate and other Service Requests |
|
|
Request for Transmission of Securities by Nominee or Legal Heir |
|
|
Reminder Letter |
|
|
Reminder Letter -1 |
|
|
Reminder Letter |
The duly filled and authenticated forms along with other documents can be sent to XL Softech Systems Limited, Registrar & Share Transfer Agent.
Registrar & Share Transfer Agent
XL Softech Systems Ltd,
# 3, Sagar Society, Road No.2,
Banjara Hills, Hyderabad – 500034,
India, Ph : +91-40-23545913/14/15,
Fax: +91-40-23553214,
Email: xlfield@gmail.com
SEBI Circulars are as under
SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated March 16, 2023
SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022
SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/687 dated December 14, 2021
SEBI/HO/MIRSDMIRSD_RTAMB/P/CIR/2021/655 dated November 03, 2021