Regulatory Basis
The requirement is mandated by SEBI Master Circular No. HO/38/13/(4)2026-MIRSD-POD/l/4298/2026 dated February 06, 2026, read with SEBI Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/81 dated June 10, 2024.
Mandatory KYC Requirements
Security holders in physical mode must provide:
- PAN (mandatory, must be seeded with Aadhar)
- Address with PIN code (mandatory)
- Mobile Number (mandatory)
- Bank Account details (mandatory)
- Specimen Signature (mandatory)
Optional details include Email ID registration and Nomination choice.
Consequences of Non-Compliance
- Dividend/interest payments will be made only through electronic mode upon furnishing all mandatory details.
- If details are updated after April 01, 2024, shareholders will receive all dividends/interest declared from April 01, 2024, until the date of updation, after such updation is completed.
Submission Methods
Shareholders can submit documents through:
1. In Person Verification (IPV) at the RTA office (only registered shareholders, not representatives)
2. Post/courier to RTA address
3. With e-sign via email (kyc1@in.mpms.mufg.com) or upload portal (https://web.in.mpms.mufg.com/KYC/index.html)
IEPF Campaign Context
The Investor Education and Protection Fund (IEPF) Authority has launched a "Saksham Niveshak" campaign from April 01, 2026, to July 09, 2026, to facilitate direct payment of unclaimed dividends to rightful shareholders and encourage KYC updates.
Purpose and Rationale
The initiative aims to ensure timely credit of dividends to shareholders' bank accounts and prevent transfer of unclaimed dividends and corresponding shares to the IEPF Authority. Shareholders are also encouraged to convert physical shares to demat form for market liquidity benefits.
Entities Involved
- Registrar and Transfer Agent: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- Regulator: Securities and Exchange Board of India (SEBI)
- Authority: Investor Education and Protection Fund (IEPF) Authority, Ministry of Corporate Affairs