ICICI Lombard General Insurance Issues Notice for Mandatory KYC and Nomination Update to Physical Share Holders
ICICI Lombard General Insurance Company Limited has issued a mandatory notice to physical share holders, emphasizing the critical need to update Know Your Customer (KYC) details and nomination particulars. The company advises that maintaining updated KYC records is essential for eligible security holders to receive payments, including dividends, in electronic mode.The notice highlights that physical security holders whose folio(s) are not current with all mandatory KYC details are restricted from availing specific services from the Registrar and Transfer Agent (RTA), and they may not be eligible for any payments, including dividend, interest, or redemption payment, except through electronic channels.
The company reminds shareholders that updating KYC details is vital, especially for those wishing to claim any unpaid or unclaimed dividend lying with the company before such funds or shares are transferred to the IEPFA.
Mandatory KYC Details Required
According to the notice, shareholders are urged to verify and furnish mandatory details against their folio. The required KYC elements and their current status, according to company records, are detailed below:| Particulars | Status as per records | Action Required |
|---|---|---|
| PAN | YES | Furnish details in Form: ISR-1 |
| Address | YES | Furnish details in Form: ISR-1 |
| E-mail address | NO | Furnish details in Form: ISR-1 |
| Mobile Number | NO | Furnish details in Form: ISR-1 |
| Demat account details | YES | Furnish details in Form: ISR-1 |
| Bank account details | YES | Furnish details in Form: ISR-1 |
| Specimen signature | - | Use Form ISR-2 |
| Nomination details | NO | Furnish details in Form: SH-13 |
| Declaration to opt nomination | In case of opting out | Use Form: ISR-3 |
The company specifies that if a shareholder chooses to opt out of nominating, they only need to submit Form ISR-3, and Form SH-13 will not be required.
Shareholders are requested to forward the duly filled documents and related proofs to ensure the seamless credit of any payable dividends.
ICICIGI Stock Price Movement
Today, shares of ICICI Lombard General Insurance Company Limited edged higher, settling at ₹1848.9 after gaining 2.38% today. The stock traded on a volume of 347,634 shares, contained within a range of ₹1800.9 to ₹1852.2 during market hours.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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