Dispatch of physical Statements to BOs having Zero Balance and Nil Transactions

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..... ed August 27, 2012 introduced the facility of Basic services Demat Account (BSDA) wherein inter alia it was mandated that one annual physical statement of holding shall be sent to the Beneficial Owners(BOs) having zero balance and Nil transaction. 2. Based on the representations from the Depositories and Depository Participants, the relevant provisions of the aforesaid circular are modified as un .....

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..... dispatch of the physical statement may be discontinued for the account which continues to remain zero balance even after one year. 3. However, irrespective of the above, the DPs shall send electronic statement of holding to all the BOs whose email ids are registered with them. Also, if a BO requests for a physical statement, the DPs shall provide the same. 4. For the purpose of valuation of hold .....

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