Physical Shareholders of Tata Investment Corporation Limited Advised on KYC Compliance and Share Claim Process
Tata Investment Corporation Limited has directed physical security holders to update their Know Your Customer (KYC) details and share holders with shares in the Suspense and Escrow Demat Account (SEDA) to claim their holdings. The company emphasizes the immediate need for shareholders to comply with these updates to ensure the smooth receipt of corporate actions and financial payments.The company informed physical shareholders that they must furnish their PAN, updated KYC details, and current Bank account information to the Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited. Shareholders who have shares credited to the SEDA account must utilize specific forms to successfully claim their holdings.
The timely compliance with KYC requirements is crucial, as non-updation of PAN, Contact Details, Mobile Number, Bank Account Details, or Specimen Signature for physical folios will impact financial disbursements. The company noted that dividend and interest payments will only be processed through electronic mode, effective from April 1, 2024. Completing the updation process will enable the security holder to receive all declared dividends and interest pertaining to the securities held after the date of updation automatically.
For shareholders, the required documentation and forms include:
- A request letter signed by all shareholders.
- Form ISR-4, specifically for claiming from the Unclaimed Suspense Account.
- A self-attested copy of the Client Master List (CML) that is not older than two months.
- Form ISR-1 for the registration and updation of KYC details, along with supporting documents.
- Form ISR-2, duly signed and executed, with signatures attested by the Bank Manager.
- Submission of Nomination (Form SH-13) or Declaration of Out-out (Form ISR-3).
The process for submitting KYC updates is available through multiple channels, including in-person verification (IPV) at the RTA's office, submission via post, or through designated electronic methods.
The required forms for updating KYC details, including Forms ISR-1, ISR-2, and SH-13 (Optional), are accessible on the company and RTA websites. Shareholders are advised to use the provided official formats to ensure their records are current and facilitate smoother corporate actions.
TATAINVEST Stock Price Movement
Today, Tata Investment Corporation Limited shares edged higher, closing at ₹694.6, which reflected a notable 2.05% gain for the day. The stock settled following strong momentum, with a total traded volume amounting to 1.80 million shares.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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