ISSUING AUTHORITY : SECURITIES AND EXCHANGE BOARD OF INDIA
DATE OF ISSUE : 04/12/2013
EFFECTIVE DATE : IMMEDIATE EFFECT
CIRCULAR NO. CIR/MIRSD/12/2013
Making it simpler for investors to enter the Capital Market, SEBI has harmonized the account opening process for Trading and Demat accounts. It has also reduced the number of investor's signatures required on forms.
Besides, the existing Beneficial Owner-Depository Participant agreements would be replaced with a simpler and a common document titled 'Rights and Obligations of the Beneficial Owner.
The Depository Participant is required to provide a copy of the new document to the Beneficial Owner and take an acknowledgement of the same.
The new Document would be mandatory and binding on all the existing and new clients and depository participants.
For detailed Circular, please follow the link below:
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