SEBI Update: Nomination for Eligible Trading and Demat Accounts - Extension of timelines for existing account holders.

SEBI vide its Circular dated 27 th March 2023 issued a Circularfor All Recognized Stock Exchanges, All Recognized Depositories Stock Brokers (Trading Members) through Recognized Stock Exchanges Depository Participants through Depositories.

The circular states :

Earlier SEBI asked all existing eligible holders and demat account holders to provide a choice of nomination on or before March 31 st 2022, failing which the trading and demat account would be frozen for debits.

However, SEBI in a circular dated February 24 th , 2022, had extended this deadline by one year to March 31 st , 2023.

Now, the deadline for existing eligible holders and demat account holders to nominate a beneficiary for their accounts to September 30 th , 2023 which is extended by another 6 months.

This circular shall come into force with effect from 27 th March , 2023.

Link of the circular: View Circular