Circular regarding Nomination for Eligible Trading and Demat Accounts (dated – 23.07.2021) – SEBI

  • 26th, July 2021
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Circular 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.,

 

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