SEBI Mulls Mandatory Direct Transfer of Securities to Clients' Demat Accounts:

SEBI Mulls Mandatory Direct Transfer of Securities to Clients' Demat Accounts The Securities and Exchange Board of India (Sebi) is proposed mandatory direct transfer of securities, including shares, to clients demat accounts on Thursday, May 10. The goal to protect clients securities from being misused. Now, The Clearing Corporation puts securities payouts into the broking firm's pool account, and then they're sent to clients' demat accounts. SEBI has requested from public feedback on the proposal until May 30, 2024. A facility of direct payout to client accounts was introduced on February 1, 2001. But Now, Sebi is considering making direct payout mandatory, and also SEBI started in its consultation paper that the process of payout directly to the client demat account.