Relaxation of compliance timelines allows intermediaries additional time to complete specified shareholder service requests under SEBI circular SEBI extends prior timeline relaxations for specific shareholder service requests due to Covid-19, allowing intermediaries an additional thirty days over prescribed timelines for processing remat and demat requests, transmission, issuance of duplicate certificates, name changes/transpositions, consolidation/split/replacement/amalgamation of folios, and handling investor correspondence/grievances including SCORES complaints; Stock Exchanges and Depositories must notify constituents and the circular is issued under the regulator's powers to protect investor interests and regulate the securities market.
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Relaxation of compliance timelines allows intermediaries additional time to complete specified shareholder service requests under SEBI circular
SEBI extends prior timeline relaxations for specific shareholder service requests due to Covid-19, allowing intermediaries an additional thirty days over prescribed timelines for processing remat and demat requests, transmission, issuance of duplicate certificates, name changes/transpositions, consolidation/split/replacement/amalgamation of folios, and handling investor correspondence/grievances including SCORES complaints; Stock Exchanges and Depositories must notify constituents and the circular is issued under the regulator's powers to protect investor interests and regulate the securities market.
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