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| Zuarimoney is a Depository Participant with National Securities Depository Limited
(NSDL) and Central Depository Services (India) Limited (CDSL) and is also a SEBI
registered Category II Registrar and Transfer agent. It enables customers to open
a Demat account and maintain their shares in electronic form.
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Depository
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ISIN generation and Share Transfer Activity
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Rajiv Gandhi Equity Savings Scheme (RGESS)
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Rajiv Gandhi Equity Savings Scheme (RGESS), 2013
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| With an objective to encourage flow of savings of the small investors in domestic
capital market, the Government of India (GOI) announced a scheme named Rajiv Gandhi
Equity Savings Scheme, 2012 (RGESS) in the Union Budget 2012-13 and further expanded
vide Union Budget 2013-14 (Notification dated December 18, 2013) to offer tax benefits
to ‘New Retail Investors’.
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Who is New Retail Investors?
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A ‘New Retail Investors’ is one
- who is a resident individual (the benefit cannot be availed by HUF, corporate entities
/ trusts etc)
- who has not opened a Demat account and has also not done any trading in the derivative
segment till RGESS account opening date or the first day of the “initial year” in
which he brings in the RGESS eligible investment into the account, whichever is
later.
- who has opened a Demat account and has not made any transactions in equity and /or
in the derivative segment till designating such account as RGESS or the first day
of the “initial year” in which he brings in the RGESS eligible investment into the
account, whichever is later..
Provided that an individual who is not the first account holder of an existing joint
demat account shall be deemed to have not opened a demat account for the purposes
of this Scheme and will be considered as new retail investors for the purpose of
opening of a fresh RGESS account, if otherwise eligible
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What do you mean by ‘Initial Year’?
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Initial Year means -
- the financial year in which the investor designates his demat account as Rajiv Gandhi
Equity Savings Scheme account and makes investment in the eligible securities for
availing deduction under the Scheme
or
- the financial year in which the investor makes investment in eligible securities
for availing deduction under the Scheme for the first time, if the investor does
not make any investment in eligible securities in the financial year in which the
account is so designated;
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Avail the additional tax benefits under RGESS
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| Under RGESS, ‘New retail Investor’ can invest upto Rs.50,000 in eligible securities
and avail additional tax benefit (i.e., deduction) upto Rs.25,000 under Section
80CCG. This is over and above the limit of Rs.1,00,000 currently available under
Section 80C of the Income Tax Act, 1961.
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Who is eligible?
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| The Scheme is open for all New Retail Investors who have gross total income less
than or equal to Rs. 12 lakh.
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Where to invest?
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You can invest in eligible securities. Eligible securities considered for RGESS
investment are: Equity shares of selected companies which include:
- • Companies falling in the list of ‘CNX-100’ of NSE or ‘BSE-100’.
- • Public sector enterprises categorized as Maharatna, Navratna or Miniratna by the
Central Government.
- • FPOs of above mentioned RGESS compliant companies.
- Units of Mutual Fund (MF) schemes which are RGESS compliant.
- Units of Exchange Traded Funds (ETFs) which are RGESS compliant.
- NFOs of above mentioned RGESS compliant funds.
- IPOs of PSUs which are scheduled to get listed in the relevant financial year with
RGESS eligible criteria(Refer FAQs)
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ZFL is a SEBI registered Category II Registrar & Transfer agent having connectivity
with National Securities Depository Limited (NSDL) & Central Depository Services
(India) Limited. ZFL enables customers to open & maintain their physical shares
in an electronic form.
RTA Services
- Transfer / Transmission / Consolidation / split of physical shares or debentures
- Issues of duplicate share certificates
- Processing & printing of dividend and interest payments
- Processing of Demat / Remat request.
- Support in conducting AGM / EGM
- Preparation of Compliance Reports
- To issue / To conduct various activities viz securities / commercial papers / debentures
/ bonus / de-merger / merger/ amalgamation through Corporate Action
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Electronic Insurance Account(e-IA)
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What is e-Insurance Account (e-IA)
E-lA stands for e-Insurance Account or 'Electronic Insurance Account" which will
safeguard the insurance policy documents of policyholders in electronic format.
This e-Insurance account will facilitate the policyholder by providing access to
the insurance portfolio at a click of a button through internet. You can now manage
all your life insurance policies of all insurers under a single e-Insurance Account.
Benefits of an e-IA.
1. No more physical policy documents.
2. View and manage all your life insurance policies under a single account.
3. Once KYC documents submitted and elA is opened, KYC documents not
required for purchase of new life insurance policies.
4. Changes in contact details get auto updated in all your policies across
all life insurers.
5. Opening elA is free.
To know more about Electronic Insurance Account & Insurance
repositories please check FAQ.
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How to open e-IA
Step 1: Download e-IA opening form click here.
Step 2: Fill the form and attach self-attested copy of below mention required
documents:
1. PAN or UID Card.
2. Address Proof.
3. DOB Proof.
4. Cancelled Cheque.
Step 3: Submit the forms along with self-attested documents to your nearest
Zuari Investment Branch.
Your account will be created within 3 days from the date of submission of application
complete in all respect.
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FAQ
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What is an Insurance Repository?
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"Insurance Repository" means a company formed and registered under the Companies
Act, 1956 (1 of 1956) and which has been granted a certificate of registration by
Insurance Regulatory and Development Authority (IRDA) for maintaining data of insurance
policies in Electronic form on behalf of Insurers. The Insurance Repositories provide
the ease of holding insurance policies issued in an electronic form.
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What is the objective of an Insurance Repository?
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Facility to keep insurance policies in electronic form and to undertake changes,
modifications and revisions in the insurance policy with speed and accuracy. In
addition, the repository acts as a single stop for several policy service requirements.
The Insurance repository system also brings about efficiency and transparency in
the issuance and maintenance of insurance policies.
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Can any individual/ firms act as an insurance Repository?
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Only an entity which is registered under company's act and who is granted a’ Certificate
of Registration' by Insurance Regulatory and Development Authority (IRDA) can act
as an Insurance Repository.
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Can Insurance repository sell/solicit Insurance policy?
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No, Insurance repositories cannot sell/solicit insurance policies. They are authorized
only to maintain the policies in electronic form and provide a service record of
all insurance policies.
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What is an e-lA?
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e-IA safeguard the insurance policy documents of policyholders in electronic format.
This e-Insurance account will facilitate the policyholder by providing access to
the insurance portfolio at a click of a button through Internet. IRDA has granted
the Certificate of Registration to the following five entities to act as ‘Insurance
repositories' that are authorized to open e-Insurance Accounts:
1. NSDL Database Management Limited
2. CDSL Insurance Repository Limited
3. SHCIL Projects Limited
4. Karvy Insurance Repository Limited
5. CAMS Repository Services Limited
Each e-Insurance Account will have a unique Account number and each account holder
will be granted a unique Login ID and Password to access he electronic policies
online.
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Can any individual open more than one e- insurance account with any Insurance Repository?
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No, As per the IRDA guidelines, an individual cannot open multiple-Insurance accounts.
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Who is an Approved Person (AP)?
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An Approved Person is a Point of Sale (PoS) appointed by Insurance Repository and
will be working on behalf of Insurance Repository to extend the IR services
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What is an e-Insurance account application form? Where can it be obtained from?
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An e-Insurance account application form is one that is used by an individual to
open an e-insurance account with the Insurance Repository. This form would be available
with Insurance Company, Insurance Repository or an Approved Person.
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What are the requirements to be completed for opening an e-insurance account?
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An e-Insurance account holder or policyholder is required to:
Fill the e-Insurance account form and submit the following documents to the office
of Insurance Repository or Insurance company or authorized Approved Person (AP)
appointed by Insurance Repository:
1. Photo ID
2. Recent passport size photograph
3. Cancelled Cheque (In case of FCS Eservices for insurance premium payment
transaction
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Which are the valid KYC documents?
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1. Identity proof (any one):
2. PAN Card
3. UlD
4. Address proof (any one):
5. Ration card
6. b).Passport
7. Aadhar letter
8. Voter ID card
9. Driving license
10. Bank Pass Book (not more than 6 months old)
Verified copies of:
1. Electricity bills (not more than 6 months old)
2. Residence Telephone Bills (not more than 6 months old
3. Registered Lease and License agreement / Agreement for sale
4. Self-declaration by High Court and Supreme Court judge, giving the
new address in respect of their own accounts
5. Identity card/document with address, issued by Central/State Government
and its Departments Authorities Public Sector undertakings
6. Public Sector Undertakings Scheduled
7. Commercial Banks Public Financial Institution
8. Colleges affiliated to universities
9. Professional Bodies such as ICAI, ICWAI, Bar Council etc. to their
Members
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Can I open an e-Insurance account without having a life or non-life policy for my
own self?
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Yes, an individual who is not having any insurance policy can open an Insurance
account. After buying a policy, the policy holder can give a request for dematerialization
to the Insurer or Insurance Repository or Approved Person.
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How many days does it take to open an e-Insurance account after all the necessary
formalities are completed?
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An e-Insurance account will be opened within 3days from the date of submission of
application complete in all respects. Once, an account is opened, a welcome kit
with the details of how to operate the same would be sent to the applicant/e-insurance
account holder.
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How will I come to know that my e-Insurance account has been opened & how will I
receive my User ID & Password?
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Once e-Insurance account is created, you will receive a welcome kit. A pin mailer
shall be sent separately. Using the login credentials and PIN, you can access and
start using your e-Insurance account
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Can I convert my existing paper polices into electronic policies?
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Yes, it is possible to convert the existing paper policies into electronic form.
A service request may be made to the Insurance Repository or Insurer or the Approved
person in this regard.
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If I already have an e-Insurance account, how do I buy a new policy in electronic
form?
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Once you have opened an e Insurance Account, to buy a new policy in electronic form,
you just need to quote your unique e-Insurance account number in your new insurance
proposal form and make a request to issue policy in an electronic form.
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Which are the insurance policies that can be held in electronic form?
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All Life insurance, Health insurance, General insurance & Annuity policies that
are issued by registered insurance companies with IRDA and who have signed up with
the Insurance Repositories are eligible to be held in the electronic form.
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How can I come to know that my policy is successfully credited into my e-Insurance
Account?
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You will receive a mail and SMS on your registered e-mail id and mobile number.
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What are the charges for maintaining policies in electronic form?
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All the services provided by Insurance repositories are FREE of charge.
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What all policy details will be available in the e-IA?
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A list of all policies that are credited will be available in the e-Insurance account.
For each policy, policy level details like the status, commencement, maturity/expiry,
nomination, assignment, endorsement, address, terms and conditions etc., would be
available. In addition, the e-Insurance account holder will be able to download
a copy of the policy bond.
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What is the procedure to effect changes in my policy or e-Insurance Account? Should
the request be made to the Insurance Company or IR?
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All requests in respect of either your e-Insurance account or any of the electronic
policies may be made to the Insurance Repository. However, requests in respect of
the policies can also be made directly with the Insurer concerned.
Upon a request, the Insurance repository would handle all servicing needs that fall
within scope of their services directly and would forward the others to the Insurer
concerned. An update to the policyholder would be provided by the Insurance Repository
on the status of the request in respect of all the requests that it receives.
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Who is an Authorized Representative and what is his/her role?
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An Authorized Representative is a person who is appointed by e-Insurance account
holder to operate his/her e-Insurance account in case of unfortunate demise or incapability
of e- Insurance account holder to operate the account. The Authorized Representative
will intimate the Insurance Repository about the demise/incapability of policyholder
with valid proof,
An Authorized Representative has only access rights to the e-Insurance account in
the event of demise of the policy holder. The Authorized Representative would only
to act as a facilitator and is not entitled to receive any policy benefits unless
designated as a 'nominee' or 'assignee' by the deceased policy holder.
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Can an Authorized Representative be changed?
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Authorized Representative can be changed by making a request to the Insurance Repository.
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Can 'Nominee' and 'Authorized Representative' be the same person?
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Yes both Nominee and Authorized Representative can be the same person.
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What is the grievances redressal mechanism at Insurance Repository?
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Every Insurance repository will have a policyholders' grievances cell to address
the grievances in respect of repository services and electronic policies held by
them.
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What communications shall the e-insurance account holder receive in a hard copy?
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Welcome Kit with details of e-Insurance Account and modus operandi of its operation,
the login ID.
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A Pin mailer with the password.
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The statement of account giving the details of all policies held whenever additional
insurance is taken or a policy matures/ surrendered/ lapses would be provided to
the e-insurance account holder.
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When a new policy is issued the insurer shall send an insurance information sheet
containing the basic details of insurance policy to the address stated
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Is it possible to shift from one Insurance repository to the other?
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Yes, the e-Insurance account holder will have an option to shift from one Insurance
Repository to the other. All the policy details and transaction history would then
be transferred to the new Insurance repository.
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Is it possible to opt out of the Insurance repository system?
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Yes, the policyholder shall make a request to his insurer and upon completion of
all formalities in respect of the same, the hard copy of the policy document shall
be made available.
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How will the Authorized person deal with the e-Insurance account?
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After the demise of the e-Insurance account holder and after settlement of all insurance
claims, the Authorized representative needs to make a request to the Insurance Repository
to close the e insurance account.
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Investor Service Request
SEBI vide its circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/655 dated November 03, 2021, SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/687 dated December 14, 2021, and SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated March 16, 2023 has introduced common and simplified norms for processing investor’s service request by RTAs and norms for furnishing PAN, KYC details and Nomination. Key highlights of the circular
In view of the above, all holders of physical securities of the Company are mandatorily required to furnish the following documents / details to the RTA i.e. Zuari Finserv Limited (ZFL);
1. PAN and other KYC details in Form ISR-1
2. Nomination (for all eligible folios) in Form No.SH-13 or submit declaration to ‘Opt-out’ in Form ISR-3
Note: Any cancellation or change in nomination shall be provided in Form No.SH-14
3. Contact details including Postal address with PIN code, Mobile Number, E-mail address
4. Bank Account details including Bank name and branch, Bank account number, IFS code
5. Specimen signature in Form ISR-2:
Note: Investor shall furnish original cancelled cheque and banker’s attestation of the signature
All of above required documents/details along with Name and folio numbers shall be provided to Company’s RTA i.e.
Also, SEBI vide its circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022, has decided that listed companies shall henceforth issue the securities in dematerialized form only (vide Gazette Notification no. SEBI/LAD-NRO/GN/2022/66 dated January 24, 2022) while processing the service request of i. Issue of duplicate securities certificate, ii. Claim from Unclaimed Suspense Account, iii. Renewal / Exchange of securities certificate, iv. Endorsement, v. Sub-division / Splitting of securities certificate, vi. Consolidation of securities certificates/folios, vii. Transmission and viii. Transposition. The securities holder/claimant shall submit duly filled up Form ISR-4 to process the service request.
The shareholders can download the forms mentioned in SEBI circular as given below:
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Form |
Purpose |
Download Form |
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Form ISR-1 |
Request for Registering PAN, KYC details OR Changes/updations there of
(only for securities held in physical form)
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ISR-1 |
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Form ISR-2 |
Confirmation of Signature of securities holder by Banker
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ISR-2 |
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Form ISR-3 |
Declaration for Opting-out of Nomination by holders of physical securities in Listed Companies
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ISR-3 |
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Form SH-4 |
Request for issue of duplicate certificate and other services
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ISR-4 |
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Form SH-13 |
Nomination Form
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SH-13 |
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Form SH-14 |
Cancellation OR Variation of Nomination
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SH-14 |
SEBI vide its circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/65 dated May 18, 2022 and SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/70 dated May 25, 2022, has introduced simplification of procedure and standardization of formats of documents for transmission of securities and issuance of duplicate securities certificates, respectively.
SEBI circular dated November 03, 2021 (subsequently amended by circulars dated December 14, 2021, March 16, 2023 and November 17, 2023) mandated that the security holders (holding securities in physical form), whose folio(s) do not have PAN or Choice of Nomination or Contact Details or Mobile Number or Bank Account Details or Specimen Signature updated, shall be eligible for any payment including dividend, interest or redemption in respect of such folios, only through electronic mode with effect from April 01, 2024.
1. In case of non-updation of PAN or Choice of Nomination or Contact Details or Mobile Number or Bank Account Details or Specimen Signature in respect of physical folios, dividend/interest etc. shall be paid only through electronic mode with effect from April 01, 2024 upon furnishing all the aforesaid details in entirety.
2. If a security holder updates the PAN, Choice of Nomination, Contact Details including Mobile Number, Bank Account Details and Specimen Signature after April 01, 2024, then the security holder would receive all the dividends/interest etc. declared during that period (from April 01, 2024 till date of updation) pertaining to the securities held after the said updation automatically.
https://www.sebi.gov.in/sebi_data/faqfiles/jan-2024/1704433843359.pdf
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Investor Charter – RTAs
SEBI vide its circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/670 November 26, 2021 has introduced Investor Charter and Disclosure of Complaints by Registrar and Share Transfer Agents (RTAs) on their Websites.
In view of the above, shareholders can download the “Investor Charter – RTAs” mentioned in SEBI circular as given below;
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| Particulars |
Download |
| SEBI Circular (Investor Charter-RTA) |
Click Here |
| ZFL’s Investor Charter –RTA |
Click Here |
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Investor Charter – DPs
SEBI has informed to Depositories (NSDL & CDSL) vide its circular no. SEBI Circular No. SEBI/HO/MRD/MRDPoD-1/P/CIR/2024/66 dated May 29, 2024 in which SEBI has issued Investor Charter by Depository Participants on their websites.
In view of the above, investors can download the “Investor Charter – DPs” mentioned in NSDL and CDSL circular as given below :
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Listed Companies
Chambal Fertilisers and Chemicals Limited - NSE/BSE
Zuari Industries Limited - NSE/BSE
Jonjua Overseas Limited - SME – BSE
Adventz Securities Enterprises Limited - MSE - Calcutta
The Birla Cotton Spinning and Weaving Mills Limited - Calcutta Stock Exchange
Macfarlane & co. Limited – Calcutta Stock Exchange
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