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Securities and Exchange Board of India Circular SEBI/HO/MIRSD/RTAMB/CIR/P/2021/601 July 23, 2021 To All Recognized Stock Exchanges All Recognized Depositories Stock Brokers (Trading Members) through Recognized Stock Exchanges Depository Participants through Depositories Sir / Madam, Nomination for Eligible Trading and Demat Accounts 1. Section 73 ofCompanies Act, 2013provides for nomination by a holder of securities. 2. Investors opening new trading and or de
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FAQ :
The new rules apply to investors opening new trading and/or demat accounts on or after October 1, 2021.
Investors opening new accounts have the choice to provide nomination details or to opt out of nomination.
Existing eligible trading and demat account holders must provide their choice of nomination or opt-out by March 31, 2022.
If existing account holders fail to provide their nomination choice by March 31, 2022, their trading accounts will be frozen for trading, and their demat accounts will be frozen for debits.
The forms can be signed with a wet signature or electronically using the e-Sign facility. Witness signatures are not required for wet signatures but are needed if a thumb impression is used instead. Witness signatures are not required for e-Sign.
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Source : https://www.sebi.gov.in/legal/circulars/jul-2021/nomination-for-eligible-trading-and-demat-accounts_51313.html