Extension of timelines (i) for nomination in eligible demat accounts and (ii) for submission of PAN, Nomination and KYC details by physical security holders; and voluntary nomination for trading accounts
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Nomination compliance deadlines extended as trading account nomination becomes voluntary and demat and physical holder timelines are pushed back. Submission of choice of nomination for trading accounts has been made voluntary, while the deadline for nomination in eligible demat accounts and for submission of PAN, nomination, contact details, bank account details and specimen signature by physical security holders has been extended to December 31, 2023. Intermediaries and listed entities must implement the circular, update relevant operational frameworks where necessary, disseminate it, report implementation status and monitor compliance.
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Nomination compliance deadlines extended as trading account nomination becomes voluntary and demat and physical holder timelines are pushed back.
Submission of choice of nomination for trading accounts has been made voluntary, while the deadline for nomination in eligible demat accounts and for submission of PAN, nomination, contact details, bank account details and specimen signature by physical security holders has been extended to December 31, 2023. Intermediaries and listed entities must implement the circular, update relevant operational frameworks where necessary, disseminate it, report implementation status and monitor compliance.
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