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of <h1>SEBI Approves Demat Accounts for Associations of Persons for Mutual Funds and Bonds from June 2025</h1> SEBI has decided to allow the opening of demat accounts in the name of Associations of Persons (AoP) for holding securities like mutual funds, corporate bonds, and government securities. This decision, effective from June 2, 2025, aims to facilitate ease of business. Conditions include ensuring AoPs only subscribe to permitted securities, providing PAN details of the AoP and its Principal Officer, and confirming the account is not used for equity shares. Depositories must implement necessary systems, amend regulations, and inform market participants. The Principal Officer will act as the legal representative in disputes.
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