AgenciesMumbai: Sebi on Monday extended the deadline for making nominations or opting out of a nomination for trading and demat account holders from March 31 to September 30.
Earlier, Sebi asked all existing eligible trading and demat account holders to provide a choice of nomination on or before March 31, failing which the trading and demat accounts would be frozen for debits.
According to brokers, more than half of their retail clients are yet to comply with the norms. Earlier, the date to comply with this rule was March 31, 2022. However, Sebi had extended this deadline by one year to March 31, 2023.
Earlier, Sebi asked all existing eligible trading and demat account holders to provide a choice of nomination on or before March 31, failing which the trading and demat accounts would be frozen for debits.
According to brokers, more than half of their retail clients are yet to comply with the norms. Earlier, the date to comply with this rule was March 31, 2022. However, Sebi had extended this deadline by one year to March 31, 2023.
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