Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Trading Accounts Require Nomination Choice or Opt-Out from October 2021; Existing Accounts Deadline March 2022.</h1> The circular mandates that investors opening new trading or demat accounts from October 1, 2021, must choose to provide a nomination or opt out using specified forms. These forms, detailed in Annexures A and B, are also applicable for changes or withdrawals of nominations. Accounts will be activated only upon receipt of these forms. Existing account holders must comply by March 31, 2022, to avoid account restrictions. Intermediaries must implement necessary systems, including e-Sign facilities, and ensure confidentiality. Stock exchanges and depositories are instructed to amend regulations, disseminate information, and report compliance to SEBI.
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