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Naming / Tagging of demat accounts maintained by Stock Brokers - SEBI - SEBI/HO/MIRSD/ MIRSD_DPIEA/P/CIR/2022/83

Extract

..... hose bank/demat accounts are being maintained and the reporting of such accounts to the Stock Exchanges/Depositories. 2. Subsequently, vide circular no. CIR/HO/MIRSD/MIRSD2/CIR/P/2017/64 dated June 22, 2017, circular no. CIR/HO/MIRSD/DOP/CIR/P/2019/75 dated June 20, 2019 and circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020, modifications to such naming/tagging of demat accounts have been prescribed. 3. Thus, currently, stock brokers are required to maintain demat accounts onl .....

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Naming / Tagging of demat accounts maintained by Stock Brokers - SEBI

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..... opriately tagged by June 30, 2022. 5.2. Credit of securities shall not be allowed in any demat account left untagged from July 01, 2022 onwards. Credits on account of corporate actions shall be permitted. 5.3. Debit of securities shall also not be allowed in any demat account left untagged from August 01, 2022. 5.4. Stock Broker shall obtain permission from Stock Exchanges to allow tagging of such demat accounts from August 01, 2022 onwards. Stock Exchange shall grant such approval within two wo .....

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Naming / Tagging of demat accounts maintained by Stock Brokers - SEBI

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