Default email dispatch for consolidated account statements makes electronic delivery primary while preserving opt in physical option. The circular mandates email as the default mode of dispatch for Consolidated Account Statements and DP holding statements, using registered email addresses held by Depositories and AMCs/MF-RTAs, while preserving investor choice to opt for physical delivery. It prescribes monthly email CAS when transactions occur, half yearly email CAS where there are no transactions, and annual or half yearly email holding statements for various account activity scenarios. Depositories must amend rules, implement system changes, notify investors quarterly by SMS of the email used, publish the circular and report implementation status; DPs must furnish electronic statements under digital signature or provide physical statements if unable.
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.
Default email dispatch for consolidated account statements makes electronic delivery primary while preserving opt in physical option.
The circular mandates email as the default mode of dispatch for Consolidated Account Statements and DP holding statements, using registered email addresses held by Depositories and AMCs/MF-RTAs, while preserving investor choice to opt for physical delivery. It prescribes monthly email CAS when transactions occur, half yearly email CAS where there are no transactions, and annual or half yearly email holding statements for various account activity scenarios. Depositories must amend rules, implement system changes, notify investors quarterly by SMS of the email used, publish the circular and report implementation status; DPs must furnish electronic statements under digital signature or provide physical statements if unable.
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