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

NSDL - Enhancement in the NSDL Depository System in respect of Naming/Tagging of Stock Broker's Account

10-Oct-2025 | NSDL/POLICY/2025/0138

NSDL has issued a circular regarding the enhancement in the NSDL Depository System in respect of the Naming/Tagging of Stock Broker's Account. This circular has been issued in reference to Para 15.3 of the SEBI Master Circular for Stockbrokers dated May 22, 2024, which specifies that the categories for which stock brokers are required to maintain demat accounts only and an appropriate nomenclature has to be given to reflect the purpose for which those bank/demat accounts are being maintained. By virtue of this circular, NSDL has made an enhancement in its NSDL Depository system, which now includes "Suffix in the Client Name" as an appropriate nomenclature for specifying the categories of Stock Brokers' demat accounts specified. For instance, the Suffix in the Client Name "PROP" will be used for the Proprietary Account Category, etc. Depository Participants are required to refer to ISO Tag FSfx ("BO Suffix") in the Client Master Export file available in the UDiFF catalogue, and make necessary changes in their back-office system accordingly.

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Recent Posts in Corporate Laws

Corporate Laws

IFSCA issues press release regarding Access to e-KYC Setu Platform extended to REs in GIFT IFSC

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Environment, Health and Safety

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Local laws

Government of Maharashtra has promulgated the Maharashtra Industrial Development (Amendment) Ordinance, 2026

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Industry Specific - Food Laws

Notification regarding commencement date for provisions relating to the Food Safety and Standards Act, 2006 under the Jan Vishwas (Amendment of Provisions) Act, 2026

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