Micro SIP - Cancelled for want of KYC (Started in pre pan Era)

Dear Friends,
  
I have a doubt in the following case:


When a sip is started as a Micro sip, or pre compulsory pan era now when the client has obtained a pan and submitted a pan to the AMC, why are they canceling the SIP for want of KYC, if any one at least in the AMC side could justify the same I would be happy and update myself.


Regards,
Alagappan
ARN- 3912
9841055577

THIRD PARTY DECLARATION required or not?

Dear All,

In the following scenario THIRD PARTY DECLARATION required or not?

1.    Investment minor through guardian----

2.    Guardian --- Mother

3.    Mother investing on her Son’s Name

4.    Cheque signed by mother – name is also printed in the cheque. ( Payment from mothers bank a/c)

5.    Application signed by mother

6.    Mother name mentioned in the Son’s birth certificate

7.    Investment amount  Rs.2000/-  per SIP

Regards

Barathwaaj

Inheritance

Dear Colleague,

Greetings!

A client is 80 yrs old with substantive investments in Mutual Funds and Stocks.

Most are in single holding with wife as nominee.

How ensure transfer of these assets to their children after the demise of both husband and wife.!.Foolproof in law!

Grateful if some one could advise me.

Thanks n Regards,

Joy Koruthu

ARN 12252