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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

CDSL- Amendments to DP Operating Instructions Annexure 11.1

06-Feb-2026 | CDSL/AUDIT/DP/POLCY/2026/87

CDSL has issued a communique on the Amendments to DP Operating Instructions Annexure 11.1.

Through this communique, the penalty against the facility not provided by the DPs regarding the online closure of the demat account has been amended.
The new penalty is Rs. 25,000/- per occasion (upon identification of non-compliance), and in case the compliance is not reported within 60 days from the date of the 1st non-compliance letter issued:
a) Rs. 1,500 per day from 61st day till 75th day, or till the date of reporting compliance, whichever is earlier.
b) Rs. 2,500 per day from 76th day till 120th day, or till the date of reporting compliance, whichever is earlier.
c) If the delay exceeds 120 days, the DP will be restrained from opening new demat accounts, and the matter will be referred to the Member Committee.

Accordingly, Annexure 11.1 of the Operating Guidelines has been amended.

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