TaxTMI 
TaxTMI 
Usage of electronic payment modes for making cash payments to the investors
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...., Sub: Usage of electronic payment modes for making cash payments to the investors Please refer to SEBI circular no. DCC/FITTCIR-3//2001 dated October 15, 2001 and circular no D&CC/FITTC/CIR-04/2001 dated November 13, 2001 on usage of ECS (Electronic Clearing Services) facility and warrants for distribution of dividends or other cash benefits to the investors. 2. Advancements in the field of el....
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....s of their investors - (i) For investors that hold securities in demat mode, companies or their RTI & STA shall seek relevant bank details from the depositories. To this end, vide circular SEBI/MRD/DEP/Cir-3/06 dated February 21, 2006 and letter MRD/DEP/PP/123624/2008 dated April 23, 2008, depositories have been advised to ensure that correct account particulars of investors are available in the....
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....e notice of all the companies whose securities are listed on the stock exchange and also to disseminate the same on their website. 4. All companies whose securities are listed on Stock exchanges and their RTI & STA are directed to comply with the provisions of the circular. 5. Depositories are directed to provide to companies (or to their RTI & STA) updated bank details of their investors. 6. T....