SEBI Extends Timeline for Trading & Demat Account Holders to Submit Nominee Details by 3 Months
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- Last Updated on 28 September, 2023
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Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2023/158; Dated: 26.09.2023
SEBI has extended the timeline for existing trading and demat account holders to provide a choice of nomination or formally opt out of nomination through a declaration form by 3 months i.e. 31.12.2023. Further, the submission of choice of nomination for trading accounts has been made voluntary by the regulator as a move towards ease of doing business. Earlier, the deadline for existing trading and demat account holders to provide a choice of nomination was on or before September 30, 2023.
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