Page 2 - Demat Account

Demat accounts hit new high, touch 15 crore in March 2024

Total number of demat accounts jumped to 15.1 crore in March 2024, with new account additions surging to 31 lakh in the previous month.

Sebi orders to attach bank, demat account of Anugrah to recover dues

Markets regulator Sebi has ordered the attachment of bank and share and demat holdings of Anugrah Stock and Broking to recover Rs 1.22 crore dues in a case related to violation of market norms. The recovery proceedings have been initiated against Anugrah Stock and Broking Pvt Ltd after it failed to pay the Rs 1.22 crore, including interest, all costs and expenses, the Securities and Exchange Board of India (Sebi) said in the attachment order on Tuesday. In its notice, the markets watchdog asked all the banks, depositories and mutual funds not to allow any debit from accounts of Anugrah Stock and Broking. However, credits have been allowed. Further, the regulator has directed all banks to attach all accounts, including lockers, of the defaulters. In March 2021, Sebi passed an order and imposed a penalty of Rs 90 lakh on Anugrah Stock and Broking Pvt Ltd for violations of market norms. The order follows a joint investigation carried out by Sebi, BSE, NSE and Central Depository Servi

Brokerage firm Groww seals top spot with nearly 23% market share

Rival Zerodha trails, market share slipped to 17.9 per cent

Sebi orders attachment of bank, demat accounts of DHFL's ex-promoters

Markets regulator Sebi has ordered the attachment of bank accounts as well as shares and mutual fund holdings of Dheeraj Wadhawan and Kapil Wadhawan, the former promoters of Dewan Housing Finance Corp Ltd (DHFL), to recover dues totalling over Rs 22 lakh. This came after the brothers failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in July last year in a case concerning the flouting of disclosure norms. In two separate attachment notices issued on Tuesday, the markets watchdog has ordered the attachment of bank, demat accounts, and mutual fund folios of the Wadhawans to recover the pending dues. The pending dues of Rs 10.6 lakh each from Wadhawans comprise the initial penalty amount, interest, and recovery cost, it added. In July 2023, the regulator imposed a penalty of Rs 10 lakh each on Wadhawans, who were promoters of DHFL (now known as Piramal Finance), for flouting disclosure norms. Kapil Wadhawan was the Chairman and MD of DHFL, whi

Demat addition, trading turnover point to robust investor sentiment

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

Record 4.2 mn demat accounts opened in Dec 2023, total touches 139 million

New account additions surged to 4.2 million in Dec 2023 vs. average monthly additions of 2.1 million in FY23.

New demat additions jump 29% in 2023 amid rally in markets, shows data

Brokers are cautiously optimistic about the outlook. At the same time, some feel the earnings momentum will sustain the gains made in 2023

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

Sebi specifies process to follow for dematerialising units of AIFs

Capital markets regulator Sebi on Monday specified the process to be followed for dematerialising the units issued, in cases where investors are yet to provide demat account details to Alternative Investment Funds (AIFs). Under the rules issued in June, AIFs with a corpus of Rs 500 crore or more were required to dematerialise all issued units by October 31, 2023. Further, these AIFs will have to issue units only in dematerialised form from November 1, 2023, onwards. Similarly, AIFs with less than Rs 500 crore corpus will have to dematerialise issued units by April 30, 2024, and issue only dematerialised units May 1 onwards. The dematerialisation of AIF units is seen as a significant move towards digitisation, fostering transparency, and enabling effective monitoring of transactions in the financial landscape. In a circular on Monday, Sebi said managers of AIFs will continue to reach out to existing investors to obtain their demat account details and credit the units issued to them

SIP soars beyond city limits: Small towns lead in account additions

SIP account additions and SIP inflows from B30 have been growing at a faster pace than from T30

Guide To Transfer Shares From One Demat To Another

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New demat account tally slips below 3 million in October, shows data

With this, the total account tally has reached 132 million. In the preceding two months, the industry had added over 3 million accounts each month

Govt asks all private companies to demat shares by September 2024

Move to boost transparency, supervision; small cos exempted

Sebi orders defreezing of bank, demat accounts, MF folios of Rana Kapoor

The matter has been listed for a final hearing on November 20

Over 3 million demat accounts opened in Sept for second consecutive month

The country's two depository firms, Central Depository Services and the National Securities Depository, added about 3.1 million new accounts

Sebi extends deadline demat a/c nomination; SBI MF promotes DP Singh

In March, the regulator had extended the deadline from March 31 to September 30

Avoid inheritance hassles for your heirs by appointing a nominee

Avoid inheritance hassles for heirs, appoint a nominee

At 2.9 mn, new demat account additions hit 18-month high in July

10 IPOs with a prospective fund raise of Rs 8,000 cr will decide August trajectory

India's demat tally tops 120 mn; June additions highest in 13 months

Benchmarks Sensex and Nifty50 logged fourth straight monthly gain in June, their longest since October 2021

Demat account openings rise in May, total count at new high of 118.2 mn

2.1 mn new accounts added, up 32% MoM from 1.6 mn in April, and in line with previous 12-month average of 2 million