Demat Accounts

Sebi orders bank, demat accounts' attachment of Reliance Big Entertainment

Capital markets regulator Sebi on Monday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Reliance Big Entertainment to recover dues of Rs 26 crore. Before this, the markets watchdog on November 14 sent a notice to Reliance Big Entertainment Pvt Ltd (now known as Rbep Entertainment Pvt Ltd) and asked the entity to pay dues within 15 days in a case pertaining to illegal diversion of funds in the matter of Reliance Home Finance Ltd (RHFL). The attachment notice came after Reliance Big Entertainment failed to pay the fine imposed on it by the markets watchdog. The Securities and Exchange Board of India (Sebi) has ordered the attachment of bank, demat accounts and mutual fund folios of the entity to recover the pending dues. Going by the notice, dues of Rs 26 crore were pending with Reliance Big Entertainment, which included interest and recovery costs. As per the notice, Sebi said there is sufficient reason to believe that the defaulter may dispos

Direct payout of securities: Sebi extends deadline to November 11

Timeline extended almost by a month for smoother implementation

Demat account tally tops 175 mn; rises by 4.4 mn in September 2024

Market experts view the steady pace of demat additions as a positive sign for market stability

Demat accounts surge past 171 mn, helped by investor interest in IPOs

There has been an average addition of 4 mn accounts monthly since 2024

New demat account additions in July highest in 6 months, shows data

This is the fourth month in this calendar year when the new additions have remained above 4 million

Unfazed by Lok Sabha poll volatility, retail investors go on equity rush

Demat account openings remain elevated, MF inflows scale new highs

Sebi junks rule to freeze demat a/cs, eases MF folio norm for investors

Capital markets regulator Sebi on Monday eased rules for existing investors with abolishing the norm of freezing demat accounts and mutual fund folios in case of failure to provide a 'choice of nomination'. Additionally, investors holding securities in physical form would be eligible for receipt of any payment, including dividend, interest or redemption payment as well as to lodge grievances or avail any service request from the RTA (Registrars to an Issue and Share Transfer Agents) even if they did not submit 'choice of nomination'. Earlier, the regulator set June 30, 2024, as the deadline for all existing individual mutual fund holders to nominate or opt out of nomination. Failure to comply with the rule could have led to the freezing of their accounts for withdrawals. Based on representations received from the market participants, for ease of compliance and investor convenience, Sebi has decided that for existing investors or unitholders, non-submission of 'choice of nomination'

Stock market volatility: It is a good time to rebalance equity portfolio

Equities offer the best potential for wealth building over the long term. Investors need to invest time and effort in acquiring skills to improve their stock selection, timing, money management skill

Street signs: Go Digit IPO, stock lock-in expiry, and demat dilemma

The success of the stake sale in Vodafone Idea and the response to Bharti Hexacom's Rs 4,275 crore IPO have fuelled investor optimism about the prospects of IPOs

No sign of slowing in demat account surge as markets attract new investors

Over three million accounts added for fifth straight month

Ladakh, Mizoram, Lakshadweep: Why are demat accounts rising in these cities

The combination of economic development and the availability of online investment options have made the stock market an attractive avenue for Indians to invest their surplus funds

In a first, India's demat tally surges past 150 million mark in March

The milestone has come 19 months after the total number of demat accounts hit the 100-million mark, a sign that more domestic households are taking to direct equity investing

Optional T+0 settlement from March 28: Here is what it means for you

Equity investors' longing for same-day settlement of cash in their demat accounts is set to end as SEBI's T+0 settlement will become a reality

Demat addition, trading turnover point to robust investor sentiment

Activity underpinned by buoyancy in underlying secondary as well as the primary markets

Sebi extends deadline to add nominees in mutual funds, demat accounts

Markets regulator Sebi on Wednesday extended the deadline to June 30 next year for demat and mutual fund account holders to provide a nomination. Earlier, the deadline to nominate a beneficiary or opt out of it by submitting a declaration form was December 31, 2023. The move is aimed at helping investors to secure their assets and pass them on to their legal heirs. "Based on representations received from the market participants, for ease of compliance and investor convenience, it has been decided to extend the last date for submission of 'choice of nomination' for demat accounts and mutual fund folios to June 30, 2024," the Securities and Exchange Board of India (Sebi) said in a circular. Further, Sebi asked asset management companies (AMCs), depository participants and Registrar and Transfer Agents (RTAs) to encourage the demat account holders and mutual fund unit holders to fulfil the requirement for nomination/opting out of nomination by sending a communication on fortnightly ba

Committee recommends route to direct listing at IFSC GIFT city: Report

The group also suggested that Indian mutual funds may be permitted to participate in direct listings at the IFSC up to a limit of 1% of their assets under management

Demat account holders can furnish nomination declarations by Jan 1, 2024

The Securities and Exchange Board of India (Sebi) stated that those who fail to do so will not be able to transact in stocks

Depositories ready ground for the secondary market ASBA facility

In a communication to brokerages, CDSL has also issued the operational modalities for the mechanism

Demat accounts on Central Depository Services platform crosses 100 mn mark

Central Depository Services on Wednesday said the number of demat accounts on its platform has crossed the 10-crore mark. Central Depository Services (India) Ltd, or CDSL, began operations in 1999 and facilitates holding and transacting in securities in the electronic form and settlement of trades on stock exchanges. In a statement, the depository announced "the crossing of another milestone as more than 10 crore demat accounts were registered with CDSL". CDSL is the largest depository in the country in terms of active Demat accounts and allows investors to deposit securities by opening an account in electronic form (dematerialised).

Sebi orders to attach bank, demat accounts of ex-officials of Karvy Group

Sebi has ordered the attachment of bank and demat accounts of Karvy Group's three former officials to recover Rs 1.80 crore for the misappropriation of client's funds by Karvy Stock Broking Ltd (KSBL). The recovery proceedings against KSBL's former VP (finance and accounts) Krishna Hari G; KSBL's former compliance officer Srikrishna Gurazada; KSBL's General Manager of back office operation Srinivasa Raju for Rs 1.80 crore, includes interest, all costs, charges and expenses, Sebi said in three attachment orders on Tuesday. In its notices, Sebi asked all banks, depositories, and mutual funds not to allow any debit from the accounts of Krishna Hari G, Srikrishna Gurazada and Srinivasa Raju. However, credits have been permitted. Further, the market regulator has directed all the banks to attach all accounts, including lockers, of the defaulters. Last month, Sebi sent demand notices to -- Krishna Hari G, Srikrishna Gurazada and Srinivasa Raju -- asking them to pay about Rs 1.8 crore in