Sebi Extends Nomination Deadline for Existing Trading, Demat Account Holders Till Sep 30
1 year, 8 months ago

Sebi Extends Nomination Deadline for Existing Trading, Demat Account Holders Till Sep 30

News 18  

Capital markets regulator Sebi on Tuesday extended the deadline till September-end for existing trading and demat account holders to provide choice of nomination or opt out of nomination. In July 2021, the Securities and Exchange Board of India asked all existing eligible trading and demat account holders to provide choice of nomination on or before March 31, 2022, failing which the trading and demat accounts would have been frozen for debits. “Based on the assessment of the trading as well as demat accounts in which choice of nomination details has not been updated and on the basis of representations received from the stakeholders, it has been decided that the provisions… with regard to freezing of accounts shall come into force with effect from September 30, 2023 instead of March 31, 2023,” Sebi said in a circular. Investors who are opening new trading and demat accounts from October 1, 2021, have the choice of providing nomination or opting out of nomination through a declaration form.

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History of this topic

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities
2 months ago

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities

Live Mint  

India is taking significant steps towards financial inclusion and regulatory simplification with the Securities and Exchange Board of India (Sebi) proposing a key reform for non-corporate entities. The proposal allows Associations of Persons (AoPs) to open demat accounts in their names for holding non-equity securities. This reform aims to enhance the ease of doing business for entities such as housing …

SEBI Cancels Registration Of 39 Stock Brokers, 7 Commodity Brokers, And 22 Depository Participants For Non-Compliance
3 months, 3 weeks ago

SEBI Cancels Registration Of 39 Stock Brokers, 7 Commodity Brokers, And 22 Depository Participants For Non-Compliance

Live Law  

The Securities and Exchange Board of India has cancelled the registration of 39 stock brokers, seven commodity brokers, and 22 depository participants. SEBI clarified that these brokers and depository participants remain accountable for any actions taken or omitted during their tenure as registered entities. According to these regulations, stock brokers must maintain membership with a recognized exchange, and depository participants …

Demat accounts & mutual fund portfolios won't be frozen for not giving nomination details : SEBI
6 months, 1 week ago

Demat accounts & mutual fund portfolios won't be frozen for not giving nomination details : SEBI

Hindustan Times  

Demat accounts and mutual fund portfolios won't be frozen for not submitting nomination, SEBI announced today. Security holders can also receive dividend, interest or redemption payment as well as to lodge grievance or avail any service request, even if 'choice of nomination' is not submitted, SEBI wrote, adding that payments including dividend, interest or redemption payments which are currently withheld …

SEBI Mandates Direct Transfer Of Securities To Client Demat Accounts
6 months, 2 weeks ago

SEBI Mandates Direct Transfer Of Securities To Client Demat Accounts

Live Law  

The Securities and Exchange Board of India has issued new guidelines mandating the direct transfer of securities to clients' demat accounts by clearing corporations. The existing practice involves brokers pooling securities received in payout and then crediting them to respective client demat accounts. Under the new guidelines, clearing corporations are required to provide a mechanism for trading members/clearing members to …

Sebi makes process of securities payout directly to client’s account mandatory
6 months, 2 weeks ago

Sebi makes process of securities payout directly to client’s account mandatory

The Hindu  

To enhance operational efficiency and reduce the risk to clients' securities, markets regulator SEBI on May 5 decided to make the process of direct payout of such securities to the client's account mandatory. Currently, the clearing corporation credits the pay-out of securities in the pool account of the broker, who then credits the same to the respective client's demat accounts. …

SEBI mulls revamping nominations framework to reduce unclaimed assets in securities market
10 months, 3 weeks ago

SEBI mulls revamping nominations framework to reduce unclaimed assets in securities market

The Hindu  

Capital markets regulator Securities and Exchange Board of India on February 2 proposed revamping the nominations framework in a bid to reduce unclaimed assets in the securities market as well as smoothen the process for claiming the assets by surviving successors of the deceased investors. Such revamped nomination facilities will operate without affecting the prevalent systems of law governing transmission …

Sebi to implement facility of ‘voluntary blocking’ of trading accounts
11 months, 1 week ago

Sebi to implement facility of ‘voluntary blocking’ of trading accounts

Live Mint  

Securities and Exchange Board of India has planned to offer the facility of voluntary freezing or blocking of the ‘Trading Accounts’ by clients as it is available in Demat accounts, ATMs, and Credit Cards. In a circular on Friday, the stock market regulator said, “It has been observed that at times, suspicious activities are noticed by the investors but the …

SEBI extends deadline to add nominees in mutual funds, demat accounts to June 2024
11 months, 3 weeks ago

SEBI extends deadline to add nominees in mutual funds, demat accounts to June 2024

India TV News  

Business news: Markets regulator the Securities and Exchange Board of India today extended the deadline to June 30, 2024 for demat and mutual fund account holders to provide a nomination. "Based on representations received from the market participants, for ease of compliance and investor convenience, it has been decided to extend the last date for submission of 'choice of nomination' …

Last date to add nominee in mutual funds, demat account is December 31: Check process here
1 year ago

Last date to add nominee in mutual funds, demat account is December 31: Check process here

Hindustan Times  

All mutual fund investors must take note that December 31, 2023 is the last day for you to add and update the nominee in your mutual fund and demat account, according to the rules updates by the Securities and Exchange Board of India. The deadline to add nominee to your demat account is December 31 SEBI has made it mandatory …

SEBI prolongs the nomination deadline for demat accounts until December 31. All you need to know
1 year, 2 months ago

SEBI prolongs the nomination deadline for demat accounts until December 31. All you need to know

Live Mint  

Individual Demat account holders now have until December 31 to either nominate a beneficiary or choose to opt out by submitting a declaration form. As per SEBI's regulation, new investors are required to either nominate their securities or explicitly opt out of nomination by submitting a declaration form when establishing trading and Demat accounts. In a circular issued on March …

Mutual fund folios, demat account-related deadlines: 5 changes in place from October 1
1 year, 2 months ago

Mutual fund folios, demat account-related deadlines: 5 changes in place from October 1

Hindustan Times  

In October, several significant changes are set to take place in the personal finance and administrative landscape of the country. Mutual fund folios nomination: The deadline to designate nominees for all existing mutual fund folios, including jointly-held ones, is September 30, 2023. Sebi nomination deadline for demat, trading accounts: The cutoff date for eligible existing trading and demat account holders …

Sebi extends deadline to add nominees for demat account holders till December-end
1 year, 2 months ago

Sebi extends deadline to add nominees for demat account holders till December-end

India TV News  

Capital markets regulator Sebi on Tuesday extended the deadline by three months to December-end for existing demat account holders to provide choice of nomination or formally opt out of nomination through a declaration form. Earlier, the deadline for existing eligible trading and demat account holders to provide a choice of nomination was on or before September 30. Further, Sebi has …

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings
1 year, 4 months ago

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings

Live Law  

In a significant development, the Securities and Exchange Board of India has introduced an amendment to the Securities and Exchange Board of India Regulations, 2018, via the Securities and Exchange Board of India Regulations, 2023. The Securities and Exchange Board of India has exercised its powers under Section 15JB of the Securities and Exchange Board of India Act, 1992, Section …

SEBI Amends Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2018
1 year, 4 months ago

SEBI Amends Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2018

Live Law  

Securities and Exchange Board of India has issued a notification on July 24, 2023, introducing amendments to the Securities Contracts Regulations, 2018. The newly introduced regulations, titled the "Securities Contracts Regulations, 2023," have been formulated by SEBI in exercise of the powers conferred by sections 4, 8A, and 31 of the Securities Contracts Act, 1956, read with sections 11 and …

SEBI Introduces Alternate Dispute Resolution Amendment Regulations 2023
1 year, 5 months ago

SEBI Introduces Alternate Dispute Resolution Amendment Regulations 2023

Live Law  

The Securities and Exchange Board of India issued a notification on July 3, 2023, introducing amendments to the Alternative Dispute Resolution Mechanism Regulations. Amendments to the Securities and Exchange Board of India Regulations, 1996: A new regulation, 17A, is inserted, stating that all claims, differences, or disputes between a custodian and its client shall be submitted to a dispute resolution …

SEBI bars IIFL Securities from taking new clients for 2 years
1 year, 6 months ago

SEBI bars IIFL Securities from taking new clients for 2 years

Live Mint  

Market regulator Securities and Exchange Board of India on Monday barred IIFL Securities from taking new clients for 2 years. In its probe, Sebi found that IIFL has misused the funds of its credit balance clients for settlement of its proprietary trades as well as the trades of its debit balance clients from April 2011 to June 2014, and the …

Important update for demat, mutual funds nominations - Details
1 year, 8 months ago

Important update for demat, mutual funds nominations - Details

India TV News  

The original deadline for linking PAN to Aadhaar, demat, and mutual fund nominations was March 31, 2023. The deadline for linking PAN and Aadhaar As per a press release issued by the Central Board of Direct Taxes on March 28, 2023, individuals can now link their Permanent Account Number with Aadhaar without any negative consequences, as the deadline for integration …

Explained | How is the stock market regulated in India?
1 year, 10 months ago

Explained | How is the stock market regulated in India?

The Hindu  

The story so far: On February 10, the Supreme Court asked the Securities and Exchange Board of India and the government to produce the existing regulatory framework in place to protect investors from share market volatility. The SCRA empowers SEBI to recognise stock exchanges, prescribe rules and bye laws for their functioning, and regulate trading, clearing and settlement on stock …

SEBI makes announcement-Those opening new trading and demat accounts would get option for nomination
3 years, 5 months ago

SEBI makes announcement-Those opening new trading and demat accounts would get option for nomination

ABP News  

New Delhi: Markets regulator SEBI on Friday said that from October 1, investors opening new trading and demat accounts will be given the option of nomination. In addition to this, SEBI declared that all existing eligible trading and demat account holders will have the option of nomination by March 31, 2022. The account holder would have to sign nomination and …

Sebi Orders Attachment of Bank, Demat Accounts of KKDIL, Others
3 years, 11 months ago

Sebi Orders Attachment of Bank, Demat Accounts of KKDIL, Others

News 18  

New Delhi: Markets regulator Sebi has ordered attachment of bank accounts as well as share and mutual fund holdings of KKDIL Nidhi Ltd and some individuals to recover dues totalling over Rs 35 lakh. In an attachment notice on Tuesday, Sebi ordered attachment of bank as well as demat accounts of KKDIL and others to recover the pending dues. The …

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