Consolidated Account Statement requirement centralises mutual fund and demat holdings reporting using PAN-based consolidation and monthly dispatch. A regulatory requirement mandates a single Consolidated Account Statement combining mutual fund holdings and demat securities, consolidated by PAN and dispatched by depositories and AMCs/MF-RTAs. AMCs/MF-RTAs must provide common PAN data to depositories promptly; depositories must consolidate and dispatch CAS on a monthly basis when transactions occur and half-yearly otherwise. Investors may opt out by negative consent; AMCs/MF-RTAs remain accountable for mutual fund data authenticity while depositories must ensure timely dispatch, data confidentiality, and a grievance redressal mechanism.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Consolidated Account Statement requirement centralises mutual fund and demat holdings reporting using PAN-based consolidation and monthly dispatch.
A regulatory requirement mandates a single Consolidated Account Statement combining mutual fund holdings and demat securities, consolidated by PAN and dispatched by depositories and AMCs/MF-RTAs. AMCs/MF-RTAs must provide common PAN data to depositories promptly; depositories must consolidate and dispatch CAS on a monthly basis when transactions occur and half-yearly otherwise. Investors may opt out by negative consent; AMCs/MF-RTAs remain accountable for mutual fund data authenticity while depositories must ensure timely dispatch, data confidentiality, and a grievance redressal mechanism.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
