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Do I need to intimate the companies individually regarding the changes in bank details/mandate for the shares held in my demat account?

April 26, 2017Bank changes companies demat held individually Intimate mandate Shares

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Do I need to intimate the companies individually regarding the changes in bank details/mandate for the shares held in my demat account?

1 Answer

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10 Posted

Ans: No, you don’t have to intimate the companies individually. When the dividend is announced for a particular security, the depository (NSDL/CDSL) will give all the details of the investors having electronic holdings of that security as of record/book closure date to the Issuer/Registrar.