SEBI Allows ‘Association of Persons’ to Open Demat Accounts in Their Own Name for Holding Securities
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- Last Updated on 27 February, 2025
Latest from Taxmann
Circular no. SEBI/HO/MRD/PoD1/CIR/P/2025/24; Dated: 25.02.2025
SEBI has allowed ‘The Association of Persons (AoP) to open demat accounts in their name for holding securities such as units of mutual funds, corporate bonds and Government Securities in demat accounts. However, such demat accounts will not be used to subscribe or hold equity shares. Further, AoP must be responsible for ensuring that it only subscribes to the financial instruments/securities that are permitted by statutes governing the constitution of AoP.
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