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Is It Necessary For The Corporate/institutions To Collect Mandate From The Investors? |
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Answer» Yes. A model mandate form has been prescribed for the PURPOSE. Payment PROCESSING by banks becomes easier once the database is PREPARED. SEBI has also issued guidelines to investors to furnish their account numbers in their share applications for printing the same on the interest/dividend warrants, collecting the account particulars and mandates MAY not pose MUCH problem. Yes. A model mandate form has been prescribed for the purpose. Payment processing by banks becomes easier once the database is prepared. SEBI has also issued guidelines to investors to furnish their account numbers in their share applications for printing the same on the interest/dividend warrants, collecting the account particulars and mandates may not pose much problem. |
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