The Bombay Stock Exchange (BSE) on September 07, 2023, issued a notification regarding the Nomination for Eligible Trading and Demat Accounts.
The following has been stated namely: -
• It is mandated to provide a choice of nomination details, i.e., either furnishing of nomination or declaration for opting out of nomination for investors opening new trading and or demat account(s) on or after October 01, 2021, and for all existing eligible trading and demat account holders latest by March 31, 2022, failing which the trading accounts shall be frozen for trading and demat account shall be frozen for debits.
• The provisions with regard to freezing of accounts shall come into force with effect from September 30, 2023.
[Notification No. 20230907-1]
