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good suggestion.

GOOD AND VALID REQUEST..

Dear all do you know why amfi not accept PAP b`cos they (AMFI,SEBI ) think all arn are looter so they dont believe on us.so they dont allow us to pay fee by PAP

sir, why cant we have electronic transfer of funds?

Good suggestion Mr.Kamat. Along with at PAR cheques, online payment option also makes sense as it reduces time delay.

welcome suggetion. paying only by DD is time consuming and expensive process. all cheques will be honoured because ARN holders have to stay and earn money Besides renewal fees should be drastically reduced and renew for five years as earlier.

I, AGREE FOR PAYMENT OF RENEWAL FEES BY PAYABLE AT CHEQES.

I agree . AMFI should allow payment by PAP cheques.

Dear sir question is wrthful.But before it I want to raise serious concern related issue of renewal card within a time frame. I do accept that NISM has delevered Certificate at home within 30 days .40 days have been elapsed i am still waiting for my card thank u again Sudhir kr mishra

In my openion this is not necessary for renew of ARN Holder Licence. Because All AMCs are giving Best Market uptodation Training, Funds Knowledges,Invest according to Investors Choice etc. Method of Renew is waste of time, Monetary Loss, Boaring etc. Renewal Fees may be collected by At Par Cheque is most suitable to Advisors. Online Payment/Fund Transfer by Dr/Cr Card is also suitable. If any one"s Cheque is bounced then he/she will be punishabe by cancelling the application/disallowed for attaining the Training Program/Extra Monetary Load etc. I dont think only Demand Draft is legally fit for it .

Absolutely Right. I would go further to say why cant we pay Online.

Good suggestion/recommendation apply soon

I am agree with your suggestion/recommendation as at par cheque is like DD only as far as clearing is concerned. If cheque is returned than you can reject the application. there are hardly a chance of chance of cheque return.

Apart from cheques, an option of online payments should be available, then no question of chq. bounce etc.

If renewal fees will be paid Cheques(PAP),it save IFA from Hardship and time consume for taking the draft from Bank.

Appreciable suggestion. Sure to be implemented for no ARN holder would want to have their cheque/s bounce. Even if it happens for technical reasons, it will not be more tha 0.0000001 %. Very may appreciations to Pavan Kamat !

Friends, Very Good discussion, if anybodys chequell be dishonour, then theyll be loss the time, now all cheques are cleared as at par. AMFI may be considered.

what they r doing that is good not at all

Dear Mr C N Annadurai, if AMFI cannot accept at par cheque of the ARN holder, we have another process, as we hear a lot of ASBA now a days. Application Supported by Blocked Amount, there shall be something like this to simplify it.

AT PAR CHEQUE should be accepted

DEAR SIRS, GREETINGS. THE POINT RAISED BY MR PAVAN KUMAR FOR ISSUING CHEQUES (AT PAR CATEGORY CHEQUES) MAY BE GENUINE TOWARDS RENEWAL FEES. BUT AS TO THE POINT OF PRACTICALITY, IT MAY NOT BE POSSIBLE SINCE THE CHEQUES MAY BE DISHONOURED SOMETIMES WHICH WILL CREATE ANOTHER HAVOC OF DELAY IN DAYS OR WEEKS OR EVEN MONTHS FOR THE GETTING THE RENEWALS DONE IN OUR FAVOUR. AND THIS ALSO DEPENDS ON THE DATE OF EXPIRY OF THE ARN HOLDER. HOWEVER, IT IS IN THE HANDS OF AMFI WHETHER CHEQUES OF AT PAR CATEGORY MAY BE ACCEPTED OR NOT AS THE MATTER FALLS UNDER THE PURVIEW OF THE ADMINISTRATIVE WING OF AMFI. HOWEVER, AS IN THE NORMAL CASES PRACTISED NOW AS AT PRESENT, CHEQUES MAY ALSO BE ACCEPTED BY AMFI BY FORMING AN EXCEPTION TO THE EXISTING RULES IF POSSIBLE. THANKS AND REGARDS. C N ANNADURAI PRESIDENT-CIFAA

genuine and valid point raised..

The point raised by Pavan Kamat is very genuine. For purchasing draft we should waste our time as well as draft commission. When the facility of @ par cheques payable at par any where is readily available why the concerned authorities should insist only for draft for renewal of ARN card.

it s rightly said, it s high time we should stop doing unnecessary things. when, the at par cheque facility s available all over the country, why this dd business at all? if there s a bouncing f cheque, let them charge the client properly.

Old mindset of not trusting anybody