The Securities and Exchange Board of India (SEBI) on December 03, 2024, issued a circular regarding the SMS and E-mail alerts to investors by stock exchanges.
The SEBI vide Circular no. CIR/MIRSD/15/2011 dated August 02, 2011 and Clause 33 of Master Circular for Stock Brokers dated August 09, 2024 issued guidelines regarding SMS and E-mail alerts to investors by stock exchanges.
Based on the representation received from Brokers IndustryStandards Forum (ISF), it is further clarified that, under exceptional circumstances, the stock broker may, at the specific written request of a client, upload the same mobile number/E-mail address for more than one client provided such client belong to one family (in case of individual clients) or such client is the authorised person of an HUF, Corporate, Partnership or Trust (in case of non-individual clients).
Family/Authorised person for this purpose shall include:
• In case of individuals, self, spouse, dependent children and dependent parents.
• In case of HUF, Karta or any of the Co-parceners as per prior approval of Karta.
• In case of Partnership firm, any of the partners as per prior approval of all / authorised partners.
• In case of a Trust, any of the trustees or beneficiaries as per resolution passed by the Trust.
• In case of Corporates, the Authorised person operating the trading account as per the Board Resolution passed by the Corporate
The provisions of this circular shall come into force with immediate effect.
[Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/169]
