Page 4 - Demat Account

Sebi bans transfer of clients' securities to demat accounts of brokers

In November, the watchdog barred KSBL from taking new brokerage clients after it was found that the brokerage firm had allegedly misused clients' securities to the tune of more than Rs 2,000 crore.

Sebi bans three persons for 7 years for creating sham identities

Besides, they have been asked to disgorge unlawful gain of about Rs 7 lakh, including interest. Babulal M Dugar, Manoj Kumar Dugar, and Vinod Kumar Dugar are the three persons facing ban.

Only 1.5 million entities declared short-term capital gains in FY18

This is less than a fifth of total number of investors and an even smaller fraction of total demat accounts in existence

Sebi directs listed firms to tighten due diligence for demat requests

The transfer of securities held in physical form is not permitted from April 1, 2019.

Dematerialisation of shares for private firms to increase compliance burden

Gaurav Pingle, a Pune-based company secretary, explains the implications of the Companies (Amendment) Act, 2019, which contemplates dematerialisation of shares of private companies:

Tipping Point: Can a demat account become dormant?

To reactivate your demat account, you will have to fill a reactivation form and submit Know Your Customer (KYC) details. Your DP will also verify if your signatures match the original records