Demat nomination deadline extended

SEBI extended the deadline for existing demat account holders to provide choice of nomination by another three months to December 31, 2023. Earlier, the deadline for existing eligible trading and demat account holders to provide a choice of nomination was on or before September 30.

“With respect to demat accounts, it has been decided to extend the last date for submission of ‘choice of nomination’ to December 31, 2023,” said SEBI in a circular. The submission of ‘choice of nomination’ for trading accounts has also been made voluntary by the regulator as a move towards the ease of doing business.