CDSL notified the Facility for Basic Services Demat Account (BSDA)

Jul 08, 2024 | by TeamLease RegTech Legal Research Team

Free Legal updates for the week 00


Secretarial ComplianceThe Central Depository Services (India) Limited (CDSL) on July 05, 2024, issued the notification regarding the Facility for Basic Services Demat Account (BSDA).

The following has been stated namely: -

• The list of active BOIDs has been provided along with holding valuation as of June 30, 2024, who are eligible for BSDA as per the following criteria: -

o Demat accounts under individual category

o Value of securities held in demat account

a. Not exceeding Rs. 2 lakhs for debt securities as of June 30, 2024.

b. Not exceeding Rs. 2 lakhs for non-debt securities as of June 30, 2024.

o Demat accounts registered for the SMART facility

o One demat account of the first holder across depository where verified PAN of the first holder is available.

• The file with the naming convention as “BLNG_BSDA_JUN2024.tar” has been kept in the respective billing folder of DPs in which 3 files will be available.

[Notification No. CDSL/OPS/DP/POLCY/2024/377]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RegUpdate Mobile App.

NEW  ·  AI ASSISTANT