Investors urged to pay annual fee and renew accounts to avoid disruption in share transactions
CDS and Clearing Limited (CDSC) has announced that Meroshare accounts of investors who have not renewed their demat accounts for the current fiscal year will be frozen starting Saun 15. The company issued a public notice urging all beneficiaries to pay their annual fees on time and complete the demat account renewal process.
According to CDSC, investors who fail to renew within the given timeframe will lose access to services related to IPOs, rights shares, debentures, and other share transactions. While investors are currently participating in various share-related activities through the Meroshare system, failure to renew demat accounts will result in suspension of these services. CDSC has issued a reminder notice to raise awareness among account holders and prevent disruption in their transactions.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
