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

NSDL - Master Circular for Issuers / R&T Agents

30-Apr-2025 | NSDL/CIR/II/12/2025

NSDL has issued the Master Circular for Issuers / R&T Agents effective from 30th April, 2025.

This Master Circular is issued in reference to the SEBI Circular No. SEBI/HO/MRD/POD3/ CIR/P/2023/58 which instructed Depositories to issue the Master Circular consolidating all guidelines issued during the financial year.

Key Highlights are as follows:
1. The provisions of this Master Circular are applicable to all Issuers and R & T Agents.
2. This Master Circular consolidates all the circulars on specific subject at one place issued till March 31, 2025.
3. The Standard operating procedure for conversion of existing Alternative Investment Fund (AIF) units represented by Statement of Account into dematerialized form has been specified in chapter 3 which is regarding the Alternative Investment Fund.
4. The master circular specifies the periodicity of the internal audit which will be on a half-yearly basis, as well as due date for the submission of Audit Report to NSDL in chapter 13 which is regarding INternal Audit.
5. The 'Master Circular for Issuers / R&T Agents is enclosed at Annexure 1 and annexures referred therein are enclosed as Annexure 2. The circulars mentioned in Exhibit (Annexure 3) to this Master Circular shall stand rescinded with the issuance of the Master Circular.

Kindly refer to the attached document for more information.

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