Why should I update my PAN, KYC & Nomination details to dematerialize my physical share certificates?

Why should I update my PAN, KYC & Nomination details to dematerialize my physical share certificates?

As per the circular dated 3rd November 2021, The Securities & Exchange Board of India has mandated the investors to update their PAN, KYC & Nomination details on or before 31st March 2023 to accomplish different service requests such as the issue of duplicate securities certificate, replacement/renewal/exchange of securities certificate, dematerialization of physical share certificates, rematerialization, consolidation of securities certificate, sub-division/splitting of securities certificate, consolidation of folios, endorsement, change in the name of the holder, change in status from minor to major and resident to NRI and vice versa, claim for undelivered securities certificate, prior to its transfer unclaimed suspense account, claim from unclaimed suspense (demat) account, transmission, and transposition without any hassles. Failing to do so will result in either Suspension or Freezing of the Demat Account.


You’re required to submit the details of KYC, PAN & Nomination to the Registrar and Transfer Agents (RTA) of the particular company.


For instance, Shruthi, a client of FYERS, holds share certificates of Reliance Industries Ltd. and wishes to Dematerialize the same. To initiate the process of Dematerialization, Shruthi has to submit the required details of KYC, PAN & Nomination to the RTA of Reliance Industries Ltd.

If Shruthi holds share certificates of multiple companies, she must submit the details separately for each company.


For more information, please refer to this circular.
    • Related Articles

    • How do I change or modify nominee details?

      If you wish to update or change your existing nominee details, you’re required to submit the Nomination forms offline i.e., you need to send the forms through courier to our registered office address. Along with the nomination form, you must submit a ...
    • How do I verify my nominee details in Fyers?

      Once the nominee details have been updated, you can check and verify your nominee details using 'My Account'. Login to My Account, go to your profile, and click on 'Manage Account' as displayed in the image below: On the top right corner of the page, ...
    • How do I submit nominee details if I'm a new client?

      The nomination procedure will have to be completed at the time of account opening itself. If you're yet to initiate the process of account opening, you can add nominees while completing the procedures. If you've already opened your Demat account, you ...
    • What is meant by Declaration in 'Nomination and Declaration'?

      If you do not wish to add any nominees to your Demat account, you're mandated to declare stating that you're not going to nominate anybody and thereby opting out of nomination.
    • How do I add a nominee to my existing demat account?

      Earlier, If an account holder wished to nominate a person or request to change the nominee, he or she had to fill out a Nomination form and courier it along with the identification proof. However, it has been simplified to a completely online ...