SEBI Master Circular Consolidates Rules for Depositories on BO Accounts, DPs, and Foreign Investments, Effective March 2014.
The Master Circular issued by the Securities and Exchange Board of India (SEBI) compiles all applicable circulars and directions for depositories up to March 31, 2014, and supersedes the previous circular from April 2013. It covers various aspects related to Beneficial Owner (BO) accounts, including account opening, PAN requirements, demat account operations, and fees. It also addresses the responsibilities and regulations for Depository Participants (DPs), issuers, and depositories, such as supervision, grievance mechanisms, ISIN activation, and foreign investments. The circular aims to streamline procedures, enhance compliance, and ensure the security and efficiency of depository operations.
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