The Securities Exchange Board of India(SEBI) extended the deadline for trading and demat account holders to make nominations or opt out of a nomination from March 31 to September 30.
Reetu | Mar 28, 2023 |
SEBI extends Deadline for Nomination for Trading and Demat Account Holders
The Securities Exchange Board of India(SEBI) extended the deadline for trading and demat account holders to make nominations or opt out of a nomination from March 31 to September 30.
Earlier, Sebi requested that all current holders of eligible trading and demat accounts submit a choice of nomination by March 31, failing which the accounts would be frozen for debits
Brokers say that more than half of their retail clients haven’t followed the rules yet. Previously, this rule’s compliance deadline was March 31, 2022. However, Sebi had extended this deadline to March 31, 2023 by one year.
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