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

Simplified norms for processing investor's service requests by RTAs and norms for furnishing PAN, KYC details and Nomination

20-Nov-2023 | Circular Ref. No: NSE/CML/2023/80

The National Stock Exchange on November 20, 2023, issued a circular regarding Simplified norms for processing investor service requests by RTAs and norms for furnishing PAN, KYC details, and Nomination in reference to the SEBI circular dt. November 17, 2023.

By virtue of this notification it has been decided to amend para 19.2 of the Master Circular for Registrars to an Issue and Share Transfer Agents dated May 17, 2023, as follows:-

(i) Reference to the term freezing/ frozen has been deleted.

(ii) Referral of folios by the RTA/listed company to the administering authority under the Benami Transactions (Prohibitions) Act, 1988 and/or Prevention of Money Laundering Act, 2002, has been done away with.

The Stock Exchanges, Depositories, RTAs, and listed companies are advised to perform the following functions namely:

i) comply with the conditions laid down in this circular.
ii) Make necessary amendments to the relevant bye-laws, rules and regulations, operational instructions, as the case may be, for the implementation of the above circular; and
iii) Bring the provisions of this circular to the notice of their constituents and also disseminate the same on the website.
iv) Communicate and create awareness amongst stakeholders.

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