SEBI Extends Deadline for Demat Account Holders to Add Nominees

SEBI Extends Deadline for Demat Account Holders to Add Nominees
SEBI Extends Deadline for Demat Account Holders to Add Nominees

by Tanushree Jaiswal Last Updated: Sep 27, 2023 - 05:45 pm 1.5k Views
Listen icon

The Securities and Exchange Board of India has extended the deadline for existing demat account holders to choose their nominees by an additional three months, making the new deadline December 31, 2023. Originally, the deadline was scheduled for September 30, but this extension has been granted to give account holders additional time to make their nomination choices.

This extension specifically applies to demat accounts, where individuals hold their securities electronically also, SEBI has made the submission of ‘choice of nomination’ for trading accounts voluntary,  to simplify the process of doing business in the securities market.

Further, SEBI has granted physical security holder time till December 31, 2023, to submit their PAN (Permanent Account Number), nomination preferences, contact details, bank account information, and specimen signatures for their respective folio numbers.

SEBI's decision to extend these deadlines comes after receiving feedback from investors, the Registrars Association of India, and other stakeholders who requested more time for compliance.

Further, SEBI has advised stock exchanges, depositories, Registrars and Transfer Agents (RTAs), and listed companies to take the necessary steps to implement these circular provisions, including updating their rules and regulations accordingly. SEBI also encourages them to inform their stakeholders about these changes and publish the circular on their respective websites.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Flair Writing Products IPO Lists at 64.8% premium, ends at lower circuit

Strong listing for Flair Writing Products IPO, then hits lower circuit

Revving Up: Catch the Exciting November 2023 Auto Sales Highlights!

Escorts Kubota Ltd. witnessed a 4% increase in its total dispatches to dealerships, reaching 8,258 units, reflecting a 3.7% YoY growth. The rise in total dispatches to dealerships for Escorts Kubota Ltd.

Dixon Technologies to Manufacture Xiaomi Phones at Noida Plant

In a transformative move to enhance local smartphone manufacturing, Dixon Technologies (India) Ltd. has inaugurated a smartphone manufacturing plant in Noida.