Simplification of demat account opening process

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..... markets. In continuation of the efforts in the same direction, it has now been decided in consultation with both the Depositories and Associations of stock brokers and Depository Participants to further simplify and rationalize the demat account opening process. 2. The existing Beneficial Owner-Depository Participant Agreements shall be replaced with a common document Rights and Obligations of .....

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..... and Circulars issued by SEBI and the Depositories from time to time. Any such clause introduced in the existing as well as new documents shall stand null and void. 4. The Depositories are directed to: i. Bring the provisions of this circular to the notice of the Depository Participants and also disseminate the same on their websites. They shall take necessary steps to implement this circular .....

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..... in securities and to promote the development of and to regulate the securities markets. 6. This circular is available on SEBI website (www.sebi.gov.in) under the categories Legal Framework and Circulars . Yours faithfully, Asha Shetty Deputy General Manager 022-26449258 ashas@sebi.gov.in Encl. : Rights and Obligations of Beneficial Owners and Depositor .....

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