SEBI has directed AMCs, depositories, and KRAs to integrate with ...

SEBI Mandates DigiLocker Integration for AMCs and KRAs to Reduce Unclaimed Assets Starting April 2025

March 20, 2025

Circulars SEBI

SEBI has directed AMCs, depositories, and KRAs to integrate with DigiLocker effective April 1, 2025, to reduce unclaimed assets in the securities market. The directive requires these entities to register as "Issuers" on DigiLocker, enabling investors to access their holding statements, transaction statements, and annual Consolidated Account Statements through their DigiLocker accounts. KRAs must share information about deceased investors with DigiLocker, which will then notify the deceased's DigiLocker nominees. This mechanism allows nominees to access the deceased's financial information and facilitates asset transmission by informing appropriate parties (nominees, joint holders, or legal heirs) about investments that might otherwise remain unclaimed. The circular preserves existing transmission norms while leveraging digital infrastructure to prevent unidentified unclaimed assets.

View Source

← Previous Next →

SEBI has directed AMCs, depositories, and KRAs to integrate with ...

SEBI Mandates DigiLocker Integration for AMCs and KRAs to Reduce Unclaimed Assets Starting April 2025

March 20, 2025

Circulars SEBI

You may also like:

SEBI has mandated the implementation of MITRA (Mutual Fund Investment Tracing and Retrieval Assistant), a service platform jointly hosted by QRTAs CAMS and KFIN...

The circular addresses the uploading of KYC information by KYC Registration Agencies (KRAs) to the Central KYC Records Registry (CKYCRR). Intermediaries u/s 12 of the...

SEBI has clarified provisions regarding Investor Education and Awareness Initiatives under Chapter 10 of the Master Circular on Mutual Funds. AMCs must allocate minimum...

SEBI mandated mutual funds/AMCs to disclose Information Ratio (IR), a risk-adjusted return metric, on websites along with performance for equity schemes. IR calculation...

SEBI mandates new deployment timelines for NFO funds collected by AMCs effective April 1, 2025. AMCs must deploy funds within 30 business days of unit allotment, with...

Taxability of subsidy received under TUF scheme - revenue or capital receipts or reduction in value of fixed assets - to reduce from the cost of asset, the subsidy...

SEBI has modified the requirement for AMCs to upload draft Scheme Information Documents (SIDs) on SEBI's website. Previously, draft SIDs had to be uploaded for 21...

SEBI introduced a new framework for Mutual Fund Lite (MF Lite) schemes, allowing launch of passive funds tracking specified equity and debt indices. Key provisions...

SEBI mandated merchant bankers to upload and maintain records/documents relied upon during due diligence for public issues on an online Document Repository platform set...

SEBI has revised the minimum application size for Zero Coupon Zero Principal Instruments on the Social Stock Exchange (SSE) from 10,000 to 1,000, effective immediately....

The grant received by the assessee towards plant and machinery and technical civil works is required to be reduced from the cost of assets for computing depreciation u/s...

SEBI issued a circular to intermediaries, stock exchanges, and industry associations regarding the review of validation of KYC records by KRAs under the Risk Management...

Value of assets for the purpose of calculation of depreciation - sale of assets - u/s.43(6) of the Act, the WDV of the block of assets is to be reduced by the sale...

This circular from SEBI outlines the inclusion of mutual fund units under the purview of SEBI's Prohibition of Insider Trading Regulations, 2015, effective November 1,...

Imposition of wealth tax - Once the non-productive asset like urban land is converted to a productive asset like a building which qualifies for exemption, then the...

Quick Updates: