Force Motors Limited has issued a reminder to its shareholders holding shares in physical form to update their Know Your Customer (KYC) details. This includes mandatory fields such as PAN, address, mobile number, and bank account information. Failure to comply may result in the withholding of dividend payments. The company has provided specific forms and multiple channels for submission, including an electronic option with e-sign.
Mandatory KYC Updation for Physical Shareholders
Force Motors Limited is reminding shareholders who hold shares in physical form about the mandatory requirement to update their Know Your Customer (KYC) details. This directive is in line with SEBI regulations aimed at ensuring accurate and up-to-date shareholder records. The company emphasizes that essential details including PAN, postal address with PIN code, mobile number, bank account details, and specimen signature must be furnished.
Consequences of Non-Compliance
Shareholders are cautioned that non-updation of these mandatory fields could lead to consequences such as the withholding of dividend and interest payments. These payments will only be processed through electronic modes after all required details are submitted and verified. This policy is effective from 1st April 2024.
Optional Details and Encouraged Submissions
While SEBI has made the updation of e-mail ID and nomination details optional, shareholders are strongly encouraged to provide this information. Registering an e-mail ID will facilitate access to online services, and providing nomination details will ensure the smooth transmission of securities and prevent the accumulation of unclaimed assets.
Forms and Submission Methods
The company has provided specific forms for various requirements, including Form ISR 1 for PAN, KYC, and bank details updation, Form ISR 2 for signature mismatch, Form ISR 3 for opting out of nomination, and Forms SH 13 and SH 14 for furnishing or cancelling nomination details. Shareholders can submit these documents through several methods:
- In Person Verification (IPV): Directly at the RTA’s office.
- Through Post: Sending self-attested copies to the Registrar and Transfer Agent (RTA).
- Electronic Mode with e-sign: Uploading scanned copies via email or the RTA’s website, accompanied by an e-sign.
The RTA for Force Motors Limited is MUFG Intime India Pvt. Ltd. Shareholders are urged to complete these formalities at the earliest to avoid any disruption in receiving company communications and payments.
Source: BSE
