Circular regarding Nomination for Eligible Trading and Demat Accounts (dated – 23.07.2021) – SEBI
View PdfCircular regarding Nomination for Eligible Trading and Demat Accounts (dated – 23.07.2021) – SEBI
- Section 73 of Companies Act, 2013 provides for nomination by a holder of securities.
- Investors opening new trading and or demat account(s) on or after October 01, 2021, shall have the choice of providing nomination or opting out nomination, as follows;
- The format for nomination form is given in Annexure – A to this circular Opt out of nomination through ‘Declaration Form’, as provided in Annexure – B to this circular These forms at Annexure – A or B, would also be applicable for any subsequent change / withdrawal of nomination.
- In this regard, Trading Members and Depository Participants (hereinafter, intermediaries), shall activate new Trading and Demat accounts from October 01, 2021, only upon receipt of above formats. ETC.,