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INMACS LIMITED
Policy regarding treatment of INACTIVE ACCOUNTS


 
INMACS LIMITED as a matter of policy accepts and realizes that the investor community is made of traders as well as investors. Whereas traders trade frequently, the investors trade with long gaps. The inactive client policy is framed keeping the same in mind:
  WHAT HAPPENS WHEN A CLIENT IS DECLARED INACTIVE?
    On a client being declared inactive,
  • All the securities of the client are transferred into the last known demat account of the client
  • All the funds of the client are returned to the client
  • In case the demat account/ bank account details are not available and the client is not contactable, Inmacs makes effort to contact them.
  • Trading in the client account is made “inactive”.
  •   CLIENT DECLARED INACTIVE VOLUNTARILY:
    A client may write to Inmacs Limited stating that he wishes to transfer his account into an “inactive” status, based on which the account will be marked as such.
     
    CLIENT DECLARED INACTIVE VOLUNTARILY:
    A client may write to Inmacs Limited stating that he wishes to transfer his account into an “inactive” status, based on which the account will be marked as such.
      CLIENT DECLARED INACTIVE BY LAW:
    Any client will be moved to the “inactive” category if required by law.
      PROCEDURE TO ACTIVATE THE LOCKED CLIENT ACCOUNT:
  • An e-mail request to reactive the account and process the transaction. Such e-mail request shall be sent only from the e-mail id of the Client registered with Inmacs Limited; or
  • A written request to reactive the account and process the transaction duly signed by Client and submitted to Inmacs Limited .

    Further the request shall be processed only after the client provides additional identification / confirmation as required. The Incharge of Operations shall exercise written authorization to activate the account after exercising necessary due diligence and verification about genuineness of identification.
    All client dues are paid and securities are transferred to their duly authorized DP Account on verification of genuineness of request and identity .
  •  
    The above stated policy may vary depending on various rules, regulations and bye laws as may be prescribed by SEBI, exchanges or any other authority or as per Internal Policy of Inmacs Limited from time to time. This Policy for dormant accounts is over and above the transaction monitoring in Dormant Account as per Anti Money Laundering Policy of the Company.





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