CEAT has announced the launch of the ‘Saksham Niveshak’ campaign, a 100-day initiative aimed at assisting shareholders in updating their KYC details to prevent the transfer of unpaid or unclaimed dividends to the Investor Education and Protection Fund (IEPF). The campaign, initiated by the IEPF Authority under the Ministry of Corporate Affairs, seeks to reach out to shareholders with unclaimed dividends.
Shareholders whose KYC details, such as PAN, nomination, contact information, bank account details, or signatures, are not up to date are encouraged to submit the necessary information. For shares held in demat mode, a self-attested copy of the Client Master List containing updated particulars is required, along with a self-attested PAN card and address proof. For shares held in physical mode, shareholders need to submit Form ISR-1, duly filled with supporting documents, and Form ISR-2 for confirmation of the security holder’s signature by the bank.
In line with the SEBI Circular dated June 10, 2024, members are also encouraged to provide a choice of nomination using Form SH-13 for registration of nomination or Form ISR-3 for opting out of nomination. Shareholders can submit the completed documents to NSDL Database Management Limited via physical submission at their Mumbai office or through email from their registered email ID.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).