Safeguards to address the concerns of the investors on transfer of securities in dematerialized mode

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....ive/dormant accounts across Stock Exchanges & Depositories and to strengthen the measures to prevent fraud / misappropriation for inoperative demat accounts, based on consultation with depositories and the recommendations of SMAC, it has been decided to amend Para 1.12 as under: 1.12. Safeguards to address the concerns of the investors on transfer of securities in dematerialized mode Following safeguards shall be put in place to address the concerns of the investors arising out of transfer of securities from the BO Accounts: 1.12.1. The depositories shall give more emphasis on investor education particularly with regard to careful preservation of Delivery Instruction Slip (DIS) by the BOs. The Depositories may adv....

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....funds, etc.) may be considered as a transaction for assessing the dormancy. However, any credit due to involuntary corporate action (such as bonus, split, etc.) may not be considered as transaction for assessing the dormancy. 1.12.5. The DPs shall not issue more than 10 loose DIS to one account holder in a financial year (April to March). The loose DIS can be issued only if the BO(s) come in person and sign the loose DIS in the presence of an authorised DP official. 1.12.6. The DPs shall put in place appropriate checks and balances with regard to the verification of signatures of the BOs while processing the DIS. 1.12.7. The DPs shall cross check with the BOs under exceptional circumstances before acting upon the ....