GOCL Corporation Ltd Requests Physical Security Holders to Update Mandatory KYC Details

GOCL Corporation Ltd Requests Physical Security Holders to Update Mandatory KYC Details
<h1>GOCL Corporation Ltd Requests Physical Security Holders to Update Mandatory KYC Details</h1>

<p>GOCL Corporation Limited has issued a reminder emphasizing that holders of physical securities must update their Know Your Customer (KYC) details with the company. The mandate requires these shareholders to furnish comprehensive information to ensure smooth processing of future dividends and other payments.</p>

<p>The requirement is set forth by regulations mandating physical security holders to provide updated KYC documents. Those holding shares in physical form are instructed to update their folios with various mandatory details, including their PAN, contact details, specimen signature, and complete bank account information.</p>

<p>Essential information that must be furnished includes:</p>
<ul>
<li>PAN linked with Aadhaar</li>
<li>Contact Details (including postal address, mobile number, and email)</li>
<li>Bank Account Details (covering Bank/Branch name, account number, and IFSC code)</li>
<li>Specimen signature</li>
</ul>

<p>The company emphasized that failure to update the necessary information will result in specific operational limitations. Folios not updated with complete KYC details will be treated as if no PAN was furnished. Furthermore, any dividend, interest, or redemption payments related to such folios must be processed and paid through electronic mode only, a change effective from April 01, 2024.</p>

<p>For the purpose of updating their folio records, shareholders are requested to provide specific forms along with supporting documentation. These required documents include:</p>
<table>
<tr>
<th>Form</th>
<th>Purpose</th>
</tr>
<tr>
<td>Form ISR-1</td>
<td>Updation of KYC details (along with self-attested supporting documents)</td>
</tr>
<tr>
<td>Form ISR-2</td>
<td>Bank account and signature attestation (with Original cancelled cheque or self-attested bank statement/passbook)</td>
</tr>
<tr>
<td>Form SH-13</td>
<td>Updation of Nomination</td>
</tr>
<tr>
<td>Form ISR-3</td>
<td>Opting out of nomination</td>
</tr>
</table>

<p>The company has advised shareholders who have already furnished the mandated documents to disregard this communication. This initiative aims to ensure uninterrupted processing of future shareholder payments and related services.</p>

GOCLCORP Stock Price Movement​

Today, GOCL Corporation Limited shares edged higher to close at ₹401.10, logging a gain of 0.2% for the day. The stock recorded total traded volume of 31,351 as it settled in positive territory.
 

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Editorial Note

This news article was written and created by Deepali, and published on IST.
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