Who is responsible for the processing of the redemption accurately?
It would be the primary responsibility of the trading member to ensure completeness of the documents including ensuring filling up of the all Key fields by the investor before accepting the same for processing. It would also be the responsibility of the trading member to ensure identity and authentication of signature affixed based on the original PAN shown at the time of accepting the redemption application form. A copy of the PAN will be sent along with the redemption request. In case of joint holding, this will be ensured by the trading member for all holders. In case the subscription application form has not been reached to the RTA, the redemption request for such subscription will not be taken by the RTA and shall be rejected. • What is the procedure to submit the redemption of units in demat form? In case units are held in physical mode, the investor should ensure that the units are converted from physical mode to demat mode prior to placing of redemption order. Investor who choo
It would be the primary responsibility of the trading member to ensure completeness of the documents including ensuring filling up of the all Key fields by the investor before accepting the same for processing. It would also be the responsibility of the trading member to ensure identity and authentication of signature affixed based on the original PAN shown at the time of accepting the redemption application form. A copy of the PAN will be sent along with the redemption request. In case of joint holding, this will be ensured by the trading member for all holders. In case the subscription application form has not been reached to the RTA, the redemption request for such subscription will not be taken by the RTA and shall be rejected. • What is the procedure to submit the redemption of units in demat form? In case units are held in physical mode, the investor should ensure that the units are converted from physical mode to demat mode prior to placing of redemption order. Investor who choo
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