A period of three months, SEBI said now till December 31 this necessary work can be done

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Dt. 27 September 2023, Wednesday

The month of September has come to an end and some financial works need to be done in this month. That is, September 30 of this month is the deadline for some works. One of the necessary tasks was to link the name of the nominee with the Demat Account Nominee, although the market regulator SEBI has given a big relief on this.

SEBI has extended the nomination deadline from 30 September to 31 December 2023. That means three months time has now been given to do this necessary work.

Why is it necessary to enter nominee's name in demat account?

SEBI had set a deadline of 30 September 2023 for completing the nomination process in Demat-Mutual Fund Accounts, which has been extended. If this necessary work is not done by the specified date, the account of the account holder will be frozen. The market regulator (SEBI) has made it mandatory to enter the nomination name in the demat account. This rule is mandated to help investors protect their assets and transfer them to their legal heirs.


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