SEBI issued a circular on June 10, 2024, regarding ease of ...

Investment made easier! No more freezing of accounts for not submitting 'Choice of Nomination'. Just 3 fields needed for updates.

June 10, 2024

Circulars SEBI

SEBI issued a circular on June 10, 2024, regarding ease of investments. It allows existing investors to not submit 'Choice of Nomination' without freezing their Demat Accounts or Mutual Fund Folios. Security holders without updated details can lodge grievances and receive payments electronically. New investors must provide 'Choice of Nomination.' Existing investors are encouraged to provide it for smooth asset transmission. Depositories and AMCs will remind investors to update. A pop-up will prompt investors without 'Choice of Nomination.' The circular is u/s 11(1) of SEBI Act, 1992, to protect investor interests. Compliance is required by relevant entities.

View Source

← Previous Next →

SEBI issued a circular on June 10, 2024, regarding ease of ...

Investment made easier! No more freezing of accounts for not submitting 'Choice of Nomination'. Just 3 fields needed for updates.

June 10, 2024

Circulars SEBI

You may also like:

Addition u/s 40A(3) - allegation of making huge cash payments in excess of Rs. 20,000/- As per the assessment order made u/s 144, no books of accounts were produced - in...

Dishonor of cheque due to account freeze falls within the purview of Section 138 of the Negotiable Instruments Act. The test is whether the account had insufficient...

Seeking directions to de-freeze the bank accounts - The court carefully examined the relevant provisions of the Income Tax Act and found that the freezing of bank...

The High Court held that the action of the respondents in freezing the bank account of the petitioner without any pending proceedings under the Act was illegal and...

Additions u/s 40A(3) - Payment made in Cash - Since the AO has not doubted the genuineness of the expenses as no such disallowance has been made and the AO has made only...

Freezing of Bank Account of petitioner - non-release of the export shipment made by the petitioner - Since the petitioner has not given separate representation for...

SEBI issued a circular revising and revamping nomination facilities for demat accounts and mutual fund folios. Key points: Reiteration of Existing Norms: - Rule of...

Disallowance of making charges - If the making charges rate as determined by the Revenue at Rs.3/- per gram has to be considered, the aforesaid karigar’s net profit...

Unexplained investment u/s 69 - wire transfer from NRE account - assessee is a non-resident - transfer from the account of the assessee’s son, who is also a resident of...

Demat accounts held by the petitioner, a practicing gynecologist, were frozen by NSDL at the behest of BSE/NSE under SEBI directives due to alleged non-compliance with...

Money Laundering - proceeds of crime - Freezing of bank accounts of petitioner - This Court is of the considered view that though there is power to direct freezing of...

Freezing of Bank Accounts - bogus addresses for the purposes of claiming IGST refunds - the power to freeze or suspend operations of a bank account cannot legally be exercised.

Assessment u/s 153A/143 - Difference between assessments under section 143(3) and 144 - Mention of nature of the order as section 153A r.w.s. 143(3) was not a technical...

Freezing the Demat Accounts of the petitioners - The Calcutta High Court adjudicated on the legality of freezing Demat Accounts of petitioners, directors of a listed...

Disallowance u/s 14A - Disallowance made on account of interest expenditure - AO has not made any disallowance on account of interest expenditure u/s 14A of the I.T. Act...

Quick Updates: