TRANSFER AGENTS
RBI¡¯s new domestic money transfer rules for stronger KYC are applicable from November 1, 2024; check details
New money transfer rules: The revised regulations are intended to improve the security of domestic money transfers and ensure compliance with current financial laws. These efforts aim to provide a strong and secure framework for money transfers within India as cashless and digital transactions continue to advance.
Biz correspondents face account freeze as fraudsters hop on agent network
According to three industry executives who spoke on the condition of anonymity, fraudsters are using the accounts of BCs, depositing money at their agent outlets and getting it transferred to multiple accounts through tranches and sometimes even to outside the country via Nepal.
Import relief for IT hardware; fraudsters use agent networks
Happy Tuesday! The government may offer import quota concessions to IT hardware makers. This and more in today¡¯s ETtech Morning Dispatch.
Sebi mandates UPI for public issue applications of debt securities
To streamline the application process for public issues of debt securities, markets regulator Sebi on Tuesday asked individual investors applying for amounts up to Rs 5 lakh through intermediaries to use only UPI to block funds.
Is your EPF claim stuck? Find out why EPF claim rejections are rising, steps you can take
In the cover story this week, we explore why EPF claim rejections or delays are rising and what potential obstacles await those requesting PF transfers or withdrawals. We also suggest the steps you can take to avert a prolonged battle with the EPFO to get your money back.
LIC sees red over policy 'trading' by ACESO, to take legal action
The Life Insurance Corporation of India (LIC) is gearing up for a legal battle against ACESO, a company that buys and assigns LIC policies to policyholders for a consideration. LIC argues that ACESO's practices undermine the core principles of insurance and pose risks to policyholders. ACESO, founded by Ketan Mehta and Himanshu Ashar, offers higher payments for policies and continued commissions for agents, challenging LIC's stance. The dispute echoes a similar legal struggle from two decades ago, with LIC leveraging recent legal amendments to counter ACESO¡¯s campaign.
CAMS Q1 Results: PAT soars 42% YoY to Rs 108 crore
Registrar and transfer agent for mutual funds CAMS on Friday reported 42 per cent jump in profit after tax (PAT) at Rs 108.21 crore for the three months ended June 2024. The company had logged a PAT of Rs 76.34 crore in the year-ago period, Computer Age Management Services Ltd (CAMS) said in a statement.
Amid transfer battle, Nico Williams signs sponsorship deal with this huge brand, all you need to know
There is a massive transfer battle going on in the case of Spanish star Nico Williams, and there are strong rumors of him joining Barcelona. However, amid all this he has already signed a major brand deal with Nike, one of the largest sporting goods manufacturer in the globe. What does it mean for his future at Barcelona?
SBI shareholders, bondholders: State Bank of India appoints new Registrar & Share Transfer Agent (RTA); check details
SBI shareholders, bondholders: The State Bank of India (SBI) has announced the appointment of a new Registrar & Share Transfer Agent (RTA) to replace the current RTA, Alankit Assignments.
Sebi mandates email as default mode for dispatching CAS by depositories, Mutual Fund-RTA
?Markets regulator Sebi on Tuesday mandated email as a default mode of dispatch of 'Consolidated Account Statement', which provides an account of securities traded by an investor, by depositories and Mutual Fund-Registrar and Transfer Agents (MF-RTAs).
Indian Oil to transfer unclaimed shares of investors to govt fund by this date: How to check if your name is on the list
If you haven't claimed dividends on Indian Oil shares for seven consecutive years or more, the shares will be moved to a government fund. Here is how to check if your name is on the list
Is there any advantage of buying mutual funds in a demat form?
Once you have chosen a mutual fund scheme to buy, the next step is to proceed to buy these units and execute your transaction. There are a number of ways to buy mutual funds, be it the fund house websites, RTA (registrar and transfer agent) websites, third-party platforms and stock brokers.
The 500: Here¡¯s what we know about The Night Agent author¡¯s new TV Series | Release date
Matthew Quirk, renowned for his gripping novel The Night Agent, is set to have another of his thrilling works, The 500, adapted into a television series. Following the widespread acclaim of The Night Agent on Netflix, Amazon MGM Studios has acquired the rights to The 500.
Beacon Trusteeship IPO to open on May 28; sets price band at Rs 57-60/ share
??Leading debenture trustee Beacon Trusteeship Ltd on Wednesday said it is aiming to raise a little over Rs 32 crore through its initial share-sale opening for public subscription on May 28.
MF investors get KYC relief as Sebi withdraws PAN-Aadhaar link norm
The Securities and Exchange Board of India (Sebi), in a circular on May 14, removed the requirement for investors to link the permanent account number (PAN) with Aadhaar to obtain the 'KYC registered' status for mutual fund transactions. This means all investors can continue putting money into mutual funds without putting up additional documents for the time being.
'And Just Like That' Season 3: Sara Ramirez won't return. Was she fired for demanding Gaza ceasefire?
Sara Ramirez portrayed nonbinary standup comedian Che Diaz in the first two seasons of 'And Just Like That' and became an object of mockery and multiple memes. Ramirez said in June 2022 that she was well aware of the hatred present online, but had tried to avoid the online commentary.
Sebi extends deadline to add nominees in demat and MF accounts
?Markets regulator Sebi on Wednesday extended the deadline to June 30 next year for demat and mutual fund account holders to provide a nomination. Earlier, the deadline to nominate a beneficiary or opt out of it by submitting a declaration form was December 31, 2023.
European football's impending free agent shuffle: Key transfers expected in 2024
Amidst the approaching winter transfer window, European football anticipates significant player movements. The Sporting News highlights ten expiring contracts in 2024, featuring talents like Mario Hermoso and Wilfred Ndidi, enticing interest from clubs like Juventus and Barcelona. Alongside them, Sheraldo Becker and Valentin Barco spark intrigue for potential winter transfers. Beyond these ten, players like Piotr Zielinski and Anthony Martial add depth to the impending transfer landscape. The footballing world awaits potentially impactful moves as contracts near expiration.
Sebi eases rule for physical securities' holders without PAN, KYC details
The folios wherein any one of such documents are not available on or after October 1, 2023, is required to be frozen by the Registrars to an Issue and Share Transfer Agents (RTA), Sebi said in May
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