Tedious and outdated process for change in nameNo. of comments:3 Deepak Kumar Bhardwaj, Chandigarh, 12370 On 25-Nov-2016
I would like to bring your attention to the tedious procedures practiced by AMCs in respect of Change in name:-
The change in name rules were formulated by most AMC during a time when PAN card was not a mandatory document for investments, and they were justify to ask for marriage certificates, indemnity, banker's attestation even if the investor has neither changed the banker nor his signatures. However now with having PAN card details already in the records AMCs should change the name through a simple request for change in name if name has already been rectified on the PAN card. As all due diligence has already been done by the statutory authority.