Nomination for Eligible Trading and Demat Accounts – Extension of timelines for existing account holders

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....articipants through Depositories Dear Sir / Madam, Subject: Nomination for Eligible Trading and Demat Accounts - Extension of timelines for existing account holders 1. SEBI, vide circular no. SEBI/HO/MIRSD/RTAMB/CIR/P/2021/601 dated July 23, 2021 had mandated providing choice of nomination details, i.e., either furnishing of nomination or declaration for opting out of nomination for investors o....

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....sis of representations received from the stakeholders, it has been decided that the provisions mentioned at para 7 of SEBI circular dated July 23, 2021 read with para 3 (a) of SEBI circular dated February 24, 2022 with regard to freezing of accounts shall come into force with effect from September 30, 2023 instead of March 31, 2023. 4. Stock Brokers and Depository Participants shall encourage the....

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.... constituents and also disseminate the same on the website; * monitor the efforts made by trading members and depository participants for updation of 'choice of nomination' by their clients and submit a report to this effect on monthly basis within next seven days from the end of the month. The first such report shall be submitted by May 07, 2023 for the month of April 2023. 7. This circular is....