Opening of Demat Account in the name of Association of Persons

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....mit opening of demat accounts directly in the name of 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 ....

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.... Card details of the AoP and the Principal Officer of the AoP shall be obtained. 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 co....

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....able/necessary; and 4.3 bring the provisions of this circular to the notice of market participants (including investors) and 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 Ex....