SEBI EXTENDS DUE DATE FOR THIS-

Recently Sebi Extends due date for nominations by Mutual Funds holder. 

Sebi has extended the deadline for nominations to Sept 30, 2023.

Demat And Trading accounts that fail to update the nomination will be frozen from Sept 30, Sebi said in a circular.

Previously, The Securities and Exchange Board of India had mandated that holders of trading and demat accounts should update the details of their nominees by March 31, 2023.

The market regulator also asked the stock brokers and depository participants to encourage clients to update ‘choice of nomination’ by communicating through sms and email on a fortnightly basis.