Mutual fund distributors want AMFI to introduce completely paperless service to submit annual Declaration of Self Certification (DSC) due to the nationwide lockdown.
Last week, AMFI had introduced a new facility through which mutual fund distributors can submit their annual DSC online. However, distributors are required to take printout of the form before submitting a scanned copy of DSC.
Many distributors have written to AMFI requesting to make this facility completely paperless.
A member of ARN committee requesting anonymity said that since there is two months left for distributors to comply with this regulations, they need not worry. “We think that lockdown will be lifted in May and distributors will be able to get a printout. However, if the government extends the lockdown, we would consider introducing completely online facility to submit DSC or extend the deadline for distributors to submit DSC.”
Currently, you need to download the DSC form from AMFI website, key in details with wet signature and upload a scanned image of the form at AMFI’s distributor portal. AMFI will send you a confirmation email after verification of the form.
