Update KYC Details as per SEBI Guidelines for Meyer Apparel Shareholders

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Update KYC Details as per SEBI Guidelines for Meyer Apparel Shareholders

Team Finance Saathi

25/Mar/2025

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Mandatory KYC Updates: Shareholders must furnish PAN, contact details, and nominee information as per SEBI guidelines.
Deadline and Action Required: Shareholders are urged to submit required documents to update their records and enable processing of dividends or any payments.
SEBI Circulars: The notice highlights compliance with SEBI's KYC circulars for physical shareholders.

On 25th March 2024, Meyer Apparel Limited issued a notification to its shareholders, emphasizing the need to comply with SEBI’s latest KYC update requirements. As per SEBI’s circulars (SEBI/HO/MIRSD/MIRSD_RTAMB/P/ CIR/2021/655 dated November 3, 2021, SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/687, and others), all physical shareholders are required to provide or update the following:

PAN details: Shareholders must ensure that their PAN details are correctly updated.
Nominee Information: Shareholders are also required to nominate an individual or opt-out using the prescribed forms (SH-13, ISR-3, SH-14).
Other Documents: A change of contact details such as address, email, mobile number, and bank account details is mandatory.

The notice also mentions that no service requests, including dividend payments, will be processed unless the KYC details are updated. Shareholders are instructed to submit the following documents:

Form SH-13 for nomination.
Form ISR-1 for registering PAN, KYC details, or any changes.
Form ISR-2 for confirming the signature by the shareholder’s bank.

These forms are available on the website of the Registrar & Transfer Agent (RTA) and should be submitted to Skyline Financial Services Pvt. Ltd. (RTA). Shareholders are urged to act promptly to ensure that any outstanding payments, including dividends, are processed smoothly.

Meyer Apparel Limited has made it clear that any failure to update the KYC details could delay the processing of shareholder requests, including payments and complaints. For any clarifications, shareholders are encouraged to reach out to the Company Secretary or the Registrar.

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Update KYC Details as per SEBI Guidelines for Meyer Apparel Shareholders

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