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

CDSL - Revised Checklist on Concurrent Audit of Risk-Prone Areas by Auditors of the DPs

26-Sep-2025 | CDSL/A,I&C/DP/POLCY/2025/652

CDSL has issued a communique regarding the Revised Checklist on Concurrent Audit of Risk-Prone Areas by Auditors of the DPs.

By virtue of this communique, CDSL has issued the revised checklist for conducting the Concurrent Audit of risk-prone areas done daily on a 100% basis of the DPs by the concurrent auditors, ensuring 100% coverage on a daily basis. The concurrent audit report should be submitted to the DP on a monthly basis by the 10th of the following month.

Key Highlights of the revision made to the checklist are as follows:
1. Now, the concurrent auditors are required to verify that DP has verified the KYC status with the KRA and unfrozen the account suo-moto after completing the necessary verification, prior to unfreezing the KYC non-compliant demat account.
2. The concurrent auditors are required to verify that the DP has blocked all debit transactions in the account on the same day and notify the notifier, nominee, or surviving joint account holder(s) within 5 days regarding the procedure for transmission, upon receiving intimation from KRA that an account is "Blocked" permanently.
3. The concurrent auditors are required to verify that the DP has updated the SCORES 2.0 domain name on the SEBI Scores Platform.

Kindly refer to the attached document for more information.

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