Investor Relations
SEBI vide circular no SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated 16th March, 2023 has introduced Common and simplified norms for processing investor’s service requests by RTAs and norms for furnishing PAN, KYC details and Nomination, superseding SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/655 dated 3rd November, 2021 and SEBI/HO/MIRSD/MIRSD_RTAMB/P/ CIR/2021/687 dated December 14, 2021.
Synopsis of the circular are as under:
- Mandatory furnishing of PAN, Nomination, Contact details, Bank A/c details and Specimen signature (KYC documents) by holders of physical securities.
- Folios of holders of physical securities without PAN, Nomination, Contact details, Bank A/c details and Specimen signature shall be frozen by the Registrar and Share Transfer Agent (RTA) on or after 01st October, 2023.
- The security holder(s) whose folio(s) have been frozen shall be eligible:
- To lodge grievance or avail any service request from the RTA only after furnishing the KYC documents and
- For any payment including dividend in respect of such frozen folios, only through electronic mode with effect from 01st April, 2024.
- Frozen folios shall be referred by the RTA / listed company to the administering authority under the Benami Transactions (Prohibitions) Act, 1988 and/or Prevention of Money Laundering Act, 2002, if they continue to remain frozen as on 31st December, 2025.
- The RTA shall revert the frozen folios to normal status upon receipt of all the KYC documents.
Action Required:
- Investors shall submit Form ISR-1 to Company’s RTA, i.e. Link Intime India Pvt. Ltd (LIIPL) for updating PAN and other KYC details.
- In case of mismatch in the signature of the holder in the records of LIIPL or updation of signature, the investor shall furnish original cancelled cheque and banker’s attestation for the signature as per Form ISR-2.
- Investors shall fill Form SH-13 for declaration of nomination and if required, Form SH-14 for variation in nomination. However, in case investor wants to opt-out of nomination, Form ISR-3 be submitted to LIIPL.
Investors are requested to read the aforesaid circular and ensure that above details are updated with LIIPL before 30th September, 2023. Thereafter, folios for which the above details are not available shall be frozen by LIIPL.
All holders of physical securities of the Company are mandatorily required to furnish the documents / details to LIIPL,
at the address given below:
Address:C-101, 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai 400 083.
Company’s RTA - LIIPL shall not process any service requests or complaints received from the holder(s) / claimant(s), till PAN, KYC and Nomination documents/details are received.
SEBI, vide Gazette Notification no. SEBI/LAD-NRO/GN/2022/66 dated January 24, 2022, made it mandatory for listed companies to issue securities in dematerialized form only while processing Investor Service Requests (ISR) including issuance of duplicate share certificates, change of name, deletion of name, transmission, transposition, exchange / subdivision / consolidation / split of share certificates, demat, etc. SEBI, vide its Circular dated January 25, 2022 further clarified that for availing any of the aforesaid services, the request is to be made by the Shareholders in Form ISR-4.
Please click on the below links to access ISR & SH Forms: