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        Case ID :
        SEBI

        Companies to mandatorily print bank accounts details furnished by depositories on payment instruments

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        Printing bank account details on payment instruments now mandatory to prevent fraudulent encashment and secure dividend payments. Companies must mandatorily print investor bank account details furnished by depositories on payment instruments to prevent fraudulent encashment of dividend and other cash benefit instruments, and depositories and stock exchanges are to instruct companies/issuers to implement this requirement.
                          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.

                                Printing bank account details on payment instruments now mandatory to prevent fraudulent encashment and secure dividend payments.

                                Companies must mandatorily print investor bank account details furnished by depositories on payment instruments to prevent fraudulent encashment of dividend and other cash benefit instruments, and depositories and stock exchanges are to instruct companies/issuers to implement this requirement.


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