UPDATION OF KYC DETAILS

  1. Updation of Permanent Account Number (PAN), KYC Details and Nomination in respect of your shareholding in the Company.
  2. Dematerialisation of shares held in physical form.

Securities and Exchange Board of India (SEBI) has, vide its Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/655 dated November 3, 2021 (subsequently amended by circulars dated December 14, 2021, March 16, 2023 and November 17, 2023) mandated the Company/ Registrar and Share Transfer Agent (RTA) to obtain copies of PAN Card, KYC details, Bank account details and Nomination from the security holders holding shares in physical form. Further, any payment including dividend, interest or redemption etc. in respect of such folios which do not have PAN or Choice of Nomination or Contact Details or Mobile Number or Bank Account Details or Specimen Signature updated, will be made through electronic mode only with effect from April 01, 2024, upon furnishing of all the aforesaid details in entirety.

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.

SEBI has also amended Regulation 40 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and has mandated that transfer of securities held in physical form shall not be processed unless the same are held in the dematerialized form with a depository. This implies that you will not be able to transfer the shares held in physical form.

In view of above, we request you to take the following actions:-

  1. Please dematerialize your shares at the earliest. As stated above, you will not be able to transfer your shares held in physical form.
  2. Please provide your PAN number and KYC details in Form ISR-1 alongwith the documents mentioned below:-
  • Self-attested copy of your PAN card (including joint holders)
  • Nomination for the aforesaid folio(s) in Form SH-13 or “Declaration to Opt-out” in Form ISR-3, if you do not wish to nominate any person
  • Postal address with PIN, Mobile number and E-mail address
  • Copy of the bank statement with details of bank name, branch, account number and IFS Code or original cancelled cheque leaf; and
  • Specimen signature – Provide Banker’s attestation of the signature in Form ISR- 2.
We request you to send the above details to our RTA at below address:-

Skyline Financial Services Private Limited
D 153/A, Ist Floor, Okhla Industrial Area,
Phase-I, New Delhi-110020
Ph. No. +91- 11-40450193- 97
Email ID: parveen@skylinerta.com or grievances@skylinerta.com

Compulsory Issue of Shares in Dematerialized Form

Securities and Exchange Board of India (“SEBI”) vide its notification dated January 24, 2022 amended certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”) inter alia pertaining to issue of shares in demat mode only. Further SEBI vide its circular No. SEBI/HO/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022 issued operational guidelines for dematerialization of securities received for processing investor’s service request.

Further, as required under the said SEBI Circular, Form No. ISR-4, being the form for issue of Duplicate Certificate and other Service Requests can be downloaded herein.