Artemis Medicare Services Urges Physical Share Holders to Complete Mandatory KYC Updates
Artemis Medicare Services Limited has issued a reminder urging all shareholders holding physical securities of the company to update critical Know Your Customer (KYC) details, bank account information, and specimen signatures. This initiative is mandated for ensuring smooth operations and compliance regarding the ownership of their shares.The communication stresses that furnishing valid KYC and related documentation is essential for continued interaction with the Registrar and Transfer Agent (RTA), Alankit Assignments Limited.
Key requirements emphasized to shareholders include providing:
- Permanent Account Number (PAN) details.
- Contact information, including postal address with PIN and mobile number.
- Bank account details.
- Specimen signatures corresponding to their folio(s).
The company has specified that physical security holders who fail to complete these mandatory KYC updates will face consequences regarding grievances and payments made by the RTA. Specifically, effective from April 1, 2024, any payment, including dividends or redemption payouts for non-compliant folios, must be processed electronically after the required details are submitted.
Consequences of Non-Compliance
Holders who do not provide the necessary KYC and signatures will be restricted in two key areas:1. They will not be eligible to lodge grievances or avail any service requests from Alankit Assignments Limited (RTA).
2. All payments, including dividend payouts, must be received through electronic modes if the required documents are submitted.
The company also noted that while providing a 'Choice of Nomination' is optional for physical security holders, it is highly encouraged to ensure seamless transmission of securities and prevent asset accumulation issues in the securities market.
Required Documentation and Forms
Shareholders are requested to submit the relevant forms and supporting documents as notified by regulatory bodies. The required processes are detailed below:| Sl. No. | Purpose | Form |
|---|---|---|
| 1. | Registering/updating PAN, Contact details (including mobile number & Email), Bank Details and Signature | Form ISR-1 |
| 2. | Confirmation of Signature of shareholder by the Banker | Form ISR-2 |
| 3. | Nomination details | Form SH-13 |
| 4. | Cancellation/Variation in nomination | Form SH-14 |
| 5. | Declaration for opting out of nomination | Form ISR-3 |
The requisite forms are available on the company's investor website and the RTA's website. These documents must be provided to Alankit Assignments Limited through post, In Person Verification (IPV), or via electronic mode with e-sign.
Furthermore, Artemis Medicare Services Limited advised all physical share holders to dematerialize their shares held in physical form. This request aims to eliminate risks associated with physical shares and allow shareholders to avail the benefits of dematerialization.
ARTEMISMED Stock Price Movement
Artemis Medicare Services Limited saw its stock gain on Friday, settling at ₹259.85 after rising 0.44%. The equity traded 87,069 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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