SCI Reminds Physical Shareholders to Update KYC Details
Shipping Corporation of India Ltd (SCI) has issued a communication to its physical shareholders, urging them to update their Know Your Customer (KYC) details. This action is in compliance with SEBI regulations, specifically SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2023/37 and subsequent related circulars. Shareholders holding securities in physical form are required to provide PAN, contact details (postal address, mobile number), bank account details, and a specimen signature. Failure to update these details by April 1, 2024, restricts service requests and mandates electronic payment for dividends and interest. The company's Registrar and Transfer Agent (RTA), Alankit Assignments Limited, is facilitating this process, with forms available on their website and SCI's website. Shareholders are advised to submit the required documents promptly to their RTA.
Key Highlights
- SCI communicates KYC update requirement to physical shareholders.
- SEBI mandates PAN, contact, bank, and signature details.
- Incomplete folios face service restrictions and electronic payment mandates.
- Shareholders must submit updated details to RTA Alankit Assignments.
- Forms available on RTA and SCI websites for submission.
Price Impact
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