Dematerialisation transfer charges removed where Beneficiary Owner transfers all securities to identical account, enabling free inter-depository transfers. SEBI requires that no charges be levied by a depository on DPs, nor by DPs on BOs, when a BO transfers all securities to another branch of the same DP, another DP of the same depository, or to another depository, provided the BO accounts at transferor and transferee are identical, including identical joint-account ownership sequence where applicable. Depositories must implement systems to distinguish such account-transfer transactions from normal debits and amend bye-laws, notify DPs, and report implementation status.
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Provisions expressly mentioned in the judgment/order text.
Dematerialisation transfer charges removed where Beneficiary Owner transfers all securities to identical account, enabling free inter-depository transfers.
SEBI requires that no charges be levied by a depository on DPs, nor by DPs on BOs, when a BO transfers all securities to another branch of the same DP, another DP of the same depository, or to another depository, provided the BO accounts at transferor and transferee are identical, including identical joint-account ownership sequence where applicable. Depositories must implement systems to distinguish such account-transfer transactions from normal debits and amend bye-laws, notify DPs, and report implementation status.
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