31st July, 2018
Sub: Strengthening the Guidelines and Raising Industry standards for RTAs, Issuer Companies and Banker to an Issue - Clarification
To all Listed Companies
Attention of such aforesaid listed companies are drawn to SEBI Circular Ref. No. SEBI/HO/MIRSD/DOS3/CIR/P/2018/115dated July 16, 2018(copy available at CSE web-site at www.cse-india.com and SEBI web-site at www.sebi.com) wherein
It is stated that “SEBI, vide circular No. SEBI/HO/MIRSD/DOP1/CIR/P/2018/73 dated April 20, 2018, inter-alia, mandated RTAs to send a letter under Registered / Speed post seeking PAN and bank details within 90 days of the said circular and two reminders thereof after the gap of 30 days.”
In this regard SEBI has received several representations to extend the timelines of first letter so as to bunch it up with annual reports/notices of AGM. Further, clarifications have been sought to send the reminders by way of modes other than Registered / Speed post, citing huge cost involved and the efficacy of sending reminders by way of other modes; especially in cases where first letter sent by Registered / Speed Post returned undelivered.
Accordingly, to the aforementioned circular, it is clarified that:
This is for information and necessary action.
CS Chandrani Datta