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Economy News

News on Indian Economy and Sectors, which have impacts in the market.

 
SEBI extends deadline for adding nominees till December 31
27-Sep-23 13:08Hrs IST

The Securities and Exchange Board of India or SEBI has extended the deadline for adding nominees till December 31, 2023. The deadline was ending on 30 September. SEBI has now revealed that the deadline for all individual demat account holders and mutual fund investors to nominate their successor or opt out of the scheme by filling a declaration was ending on September 30.

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Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

A Muthoot M George Enterprise