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Prepares registration data for holders of securities including bonds, debentures, stocks and mutual fund investment units. Other services are benefits management to pay dividends and interest, maintaining information about shareholders, etc.
Benefits
Facilitates shareholder registrations and information updates
Pays out dividends, interest and other benefits gained from investment
Maintains shareholder lists from registration records to facilitate company actions
Mails relevant documents, e.g., annual reports, to share holders