SEBI Revises Norms for Inactive Accounts | Funds to Be Settled on Monthly Running Account Settlement Cycle Dates
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- By Chetan Kulasri
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- Last Updated on 9 January, 2025
Latest from Taxmann
Circular No.SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2025/1, Dated 06.01.2025
The SEBI has revised norms for settling funds of clients inactive for over 30 days. Previously, Trading Members (TMs) were required to settle such accounts within three working days, causing daily procedural inefficiencies. Based on recommendations, the SEBI has now mandated that these funds be settled on the upcoming settlement dates of the monthly running account settlement cycle, as notified by stock exchanges.
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