SEBI Update – Extension of timelines (i) for nomination in eligible demat accounts and (ii) for submission of PAN, Nomination and KYC details by physical security holders; and voluntary nomination for trading accounts

The SEBI on 26th September 2023 issued a notification regarding the Extension of timelines (i) for nomination in eligible demat accounts and (ii) for submission of PAN, Nomination and KYC details by physical security holders; and voluntary nomination for trading accounts.
The following has been stated namely 
It has been decided to extend the last date for submission of PAN, Nomination, Contact details, Bank A/c details and Specimen signature for their corresponding folio numbers to December 31, 2023.

Stock Exchanges, Depositories, RTAs and Listed Companies are advised to: 
a) take necessary steps to implement the provisions of this circular, including making necessary amendments to the relevant bylaws/business rules/regulations / operational instructions, as the case may be.
 b) bring the provisions of this circular to the notice of their respective constituents and also disseminate this circular on their websites
 c) communicate to SEBI, the status of the implementation of the provisions of this circular.
d) monitor the compliance of this circular.

Link – https://www.sebi.gov.in/legal/circulars/sep-2023/extension-of-timelines-i-for-nomination-in-eligible-demat-accounts-and-ii-for-submission-of-pan-nomination-and-kyc-details-by-physical-security-holders-and-voluntary-nomination-for-trading-accou-_77320.html

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