Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can I provide the bank account(s) of any other person to receive the redemption / dividend proceeds in my folio?

April 26, 2017bank account dividend Folio person proceeds redemption

0

Posted

Can I provide the bank account(s) of any other person to receive the redemption / dividend proceeds in my folio?

1 Answer

0

Posted

No. You have to submit valid supporting documents for each bank account that you wish to register for receiving redemption / dividend proceeds in your folio. These documents should conclusively prove that the bank accounts provided pertain the sole / first unitholder in the folio.