SEBI mandates nomination for Eligible Trading and Demat Account for new and existing account holders
Section 73 of Companies Act, 2013 provides for nomination by a holder of securities. SEBI has issued guidelines for nomination for Eligible Trading and Demat Account. 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.
The both nomination and Opt out of nomination shall be done in prescribed formats
It has been mandated that Trading Members and Depository Participants (intermediaries) shall activate new Trading and Demat accounts from October 01, 2021, only upon receipt of nomination forms.
The nomination and Declaration form shall be wet signed by the account holder(s) and no witness shall be required except for account holder(s) affixing thumb impression.
The on-line nomination and Declaration form may also be signed using e-Sign facility and in that case witness will not be required.
All existing eligible trading and demat account holders are required to provide nomination on or before March 31, 2022, failing which the trading accounts shall be frozen for trading and demat account shall be frozen for debits.
Empanelment to act as ICAI exam observers for January 2027 CA Examination. Last date to apply is 20.11.2026 Empanelment of…
No arrest under GST- Major decision taken in 57th Meeting of the GST Council on 8th October 2026 PRESS RELEASE…
A subsequent Apex Court ruling on the substantive issue cannot retrospectively make an act done in compliance of a binding…
Interest payment on mobilisation advance to NHAI not liable for deduction of tax at source u/s 194A - ITAT Interest…
Typographical error in turnover declared in ITR was not as a mistake apparent from the record u/s 154 when AO…
Ground taken by assessee that he was not aware of the order cannot be brushed aside so lightly in absence…