Proof of Identity requirements updated: MAPIN card no longer accepted; depositories must amend rules and notify participants. Depositories must stop accepting the MAPIN card as Proof of Identity for opening Beneficial Owner accounts for non-body corporates, amend their bye-laws and regulations accordingly, notify and monitor Depository Participants about the change, publish the notice on depository websites, and communicate implementation status to SEBI under powers of Section 11(1) of the SEBI Act and Section 19 of the Depositories Act.
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Proof of Identity requirements updated: MAPIN card no longer accepted; depositories must amend rules and notify participants.
Depositories must stop accepting the MAPIN card as Proof of Identity for opening Beneficial Owner accounts for non-body corporates, amend their bye-laws and regulations accordingly, notify and monitor Depository Participants about the change, publish the notice on depository websites, and communicate implementation status to SEBI under powers of Section 11(1) of the SEBI Act and Section 19 of the Depositories Act.
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