The regulator had earlier mandated that trading and demat accounts that do not have a choice of nomination by September 30 would be frozen.
Sebi said that based on the representations received from stock exchanges, depositories, brokers, and various other stakeholders it has decided that submission of ‘choice of nomination’ for trading accounts has been made voluntary as a step towards ease of doing business.
For physical security holders, Sebi said that based on the representations received from investors, Registrars Association of India and various other stakeholders, it has decided to extend the last date for submission of PAN, nomination, contact details, bank account details and specimen signature for their corresponding folio numbers to December 31, 2023.
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