Opening of Demat Account in the name of Association of Persons

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.... Association of Persons (AoP). 2. Upon examination of the relevant legal provisions and after detailed deliberations with stakeholders, to foster and ensure ease of doing business, it has been decided to allow opening of demat account in the name of the AoP for holding securities, such as units of mutual funds, corporate bonds and Government Securities in demat account. 3. In view of the above, ....

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....d. Explanation: For this purpose, "Principal Officer" with reference to AoP means the secretary, treasurer, manager or agent or any person connected with the management or administration of the AoP. 1.2.6.A.3 While opening a demat account in the name of the AoP, the Depository Participants shall seek confirmation from the AoP with respect to the following: 1.2.6.A.3.1 The AoP holds only such....

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....also to disseminate the same on their respective websites. 5. Applicability: The provisions of this circular shall be effective from June 02, 2025. 6. This circular is issued in exercise of the powers conferred upon SEBI under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 read with Section 26(3) of the Depositories Act,1996 and Regulations 59 and 97 of SEBI (Depositories....