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<h1>SEBI allows consolidated demand drafts for employee applications under Regulation 12; minors exempt from unique IDs.</h1> The circular from SEBI addresses concerns raised by market participants regarding the cumbersome process of preparing individual demand drafts for employee applications under the SEBI (Central Database of Market Participants) Regulations, 2003. It clarifies that a consolidated demand draft can be submitted along with a list of applicants, complying with Regulation 12. Additionally, it states that dependent minor children of certain individuals are not required to obtain unique identification numbers. This directive is issued under the powers of Section 11(1) of the SEBI Act, 1992, to safeguard investor interests and regulate the securities market.