https://www.taxtmi.com/circulars?id=58312 SEBI introduces the Basic Services Demat Account (BSDA) for eligible individuals who are sole or first holders of a single demat account, permitting only one BSDA per individual and limiting value of securities in the account. DPs shall offer BSDA to new eligible applicants and allow conversion of existing eligible accounts at the next billing cycle. AMC structure is on slabs: no AMC upto Rs.50,000 and AMC not exceeding Rs.100 for holdings from Rs.50,001 to Rs.200,000; holdings valuation based on daily closing price/NAV/last traded price or face value for unlisted securities. DPs must reassess eligibility each billing cycle and apply regular charges if limits are breached. en-us Mon, 27 Aug 2012 00:00:00 +0530 Fri, 14 Dec 2018 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58312 SEBI introduces the Basic Services Demat Account (BSDA) for eligible individuals who are sole or first holders of a single demat account, permitting only one BSDA per individual and limiting value of securities in the account. DPs shall offer BSDA to new eligible applicants and allow conversion of existing eligible accounts at the next billing cycle. AMC structure is on slabs: no AMC upto Rs.50,000 and AMC not exceeding Rs.100 for holdings from Rs.50,001 to Rs.200,000; holdings valuation based on daily closing price/NAV/last traded price or face value for unlisted securities. DPs must reassess eligibility each billing cycle and apply regular charges if limits are breached. Circulars SEBI Mon, 27 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58312