Securities and Exchange Board of India (SEBI) vide circular no. SEBIHO/MIRSD_RTAMB/P/CIR/2021/655 dated 3 rd November, 2021 has made it mandatory to furnish PAN, email address, mobile number, bank account details and nomination by holders of physical securities. Folios wherein any one of the said document /details are not available on or after April 01,2023, shall be frozen and shareholder will not be eligible to lodge grievance or avail service request from the RTA and will not be eligible for receipt of dividend in physical mode. Further, shareholders holding shares in physical mode are requested to ensure that their PAN is linked to Aadhaar by March 31, 2022 or any other dates as may be specified by the Central Board of Direct Taxes to avoid freezing of folio.
Further, as per the above circular of SEBI, the frozen folios shall be referred by RTA/Company to the administering authority under the Benami Transactions (Prohibitions) Act, 1988 and or Prevention of Money Laundering Act, 2002 after December 31, 2025.
Keeping the above statutory requirements in view, members holding shares in physical form are requested to furnish valid PAN, KYC details and Nominations immediately to the Company/RTA in the required attached forms (as detailed below), to ensure that , their folios are not frozen on or after April 01,2023. All shareholders, who have not yet dematerialized their shares, are also advised to get their shares converted into demat/electronic form to get inherent benefits of dematerialization, as transfer of physical shares except for transmission and transposition cases has been stopped w.e.f April 01, 2019, as per SEBI Regulations and Settlement of market trades are taking place only in demat mode.
The said forms are available on company’s website www.rpcil.com. You may reach the same at This Link
Members holding shares in electronic (DEMAT) form are requested to verify and update immediately any change in their address or bank mandates etc. to their respective Depository Participants with whom they are maintaining their demat accounts.