To All Members,
Sub: Ease of Doing Investments- Non-submission of ‘Choice of Nomination’
a) Ease of Doing Investments- Non-submission of ‘Choice of Nomination’
i. Doing away with freezing of Demat Accounts and Mutual Fund Folios for existing investors;
ii. To remove freeze on payment of corporate benefits and service of physical folios;
b) Only 3 fields to be provided mandatorily for updating Nomination Details
This is with reference to the SEBI circular no. SEBI/HO/MIRSD/POD-1/P/CIR/2024/81 dated June 10, 2024. A copy of the said SEBI circular is enclosed as Annexure A.
This is for your information and necessary action if any.
Umesh Hanjankar Spandan Jayadevulu
Deputy General Manager Senior Manager
Investigation Investigation |