December 31: SEBI Extends Deadline to Add Nominees in Demat Markets regulator, the Securities and Exchange Board of India (SEBI), on September 26, extended the deadline for existing demat (dematerialised) account holders to provide a choice of nomination to December 31, 2023. The earlier deadline for existing eligible trading and demat account holders to provide a nomination choice was up to September 30, 2023. In addition, the submission of choice of nomination for trading accounts has also been made voluntary by SEBI in a bid to promote ease of doing business. Furthermore, the markets regulator has provided time till December 31 for physical security holders to submit their Permanent Account Number (PAN), nomination, contact details, bank account details, and specimen signature for their corresponding folio numbers. Besides, the markets regulator has also advised stock exchanges, depositories, Registrar and Transfer Agents (RTAs), and listed companies to initiate necessary steps to
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