Investors Opening New Trading, Demat Account From Oct To Get Choice Of Providing Nomination: SEBI

SEBI added that all existing eligible trading and demat account holders will have the option of nomination by March 31, 2022.

(File Photo)

New Delhi: Markets regulator SEBI on Friday said that from October 1, investors opening new trading and demat accounts will be given the option of nomination. Along with this, investors can also open an account even without nominating anyone. As per a circular issued by the market regulator, a form for nomination and non-nomination is now available online.

In addition to this, SEBI declared that all existing eligible trading and demat account holders will have the option of nomination by March 31, 2022. Failure to do so will result in suspension of their trading and demat accounts.

The account holder would have to sign nomination and declaration forms, but no witnesses are required for this process. However, if the account holder affixes his/her thumb impression, the forms would require the signature of a witness. According to the circular, online nomination and declaration forms can also be signed using the e-sign facility. No witness would be required in this case.

The stock market continues its bullish trend. Banking shares rise, but decline seen in weekly charts

The stock markets rose for the second consecutive day on Friday. Sensex was up 138 points today, with Banks, FMCG and Pharmaceutical shares as top gainers. However, weekly charts saw a decline due to concerns about rising cases of Delta strain of COVID-19.

Exiting volatile trade, Sensex gained 138.59 points, or 0.26 percent, to close at 52,975.80. On the other hand, Nifty gained 32 points, or 0.20 percent, to close at 15,856.05.