Ease of investments and ease of doing business measures – enhancing the ‘Facility for Basic Services Demat Account (BSDA)’

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....positories Madam / Sir, Subject: Ease of investments and ease of doing business measures - enhancing the 'Facility for Basic Services Demat Account (BSDA)' 1. SEBI, vide circular no. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/91 dated June 28, 2024 ('the circular'), specified provisions related to enhancing the facility of BSDA to boost investor participation in securities market. SEBI received ....

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....fect of this circular shall replace paras 2.2(a), 2.2(b) and 2.3(c) of the circular, which stand modified as under: Para 2.2(a) The DPs shall open only BSDA for Beneficial Owners (BOs), if such demat accounts are eligible for BSDA as per para 2.1 above, unless such BOs specifically provide their consent through authenticated and verifiable channel to avail the facility of a regul....

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....ken in to account. For illiquid securities, last closing price may be taken into account. The value of suspended securities, delisted securities and Zero Coupon Zero Principal bonds may not be considered for the purpose of determining eligibility of demat account as BSDA. 7. The provisions of this circular shall come into force with effect from March 31, 2026 in supersession of paras 2.2(a), 2.....