Page 2 - Demat
Sebi extends last date for implementation of new pledging system to Sept 1
Earlier deadline was July 1; Move follows request by depository firms tasked with readying the backend for the new system for extension as the "changes to the systems are still under process"
 "Sebi extends last date for implementation of new pledging system to Sept 1")
UCO Bank extends tie up with Fisdom; to offer demat, stockbroking services
State-owned UCO Bank has extended the fintech partnership with Fisdom to include demat account and stockbroking services, pension funds and tax filing
 "UCO Bank extends tie up with Fisdom; to offer demat, stockbroking services")
Number of demat accounts have more than doubled since March 2019: Tyagi
Top brokerages have been opening nearly a million demat accounts since then and almost 75 per cent of them are under-30 investors
 "Number of demat accounts have more than doubled since March 2019: Tyagi")
CDSL glitch hits sell orders, brokers allow clients to skip authorisation
Market players said issue was with CDSL's portal used for authorising debit of securities from demat accounts. The system was set up last year to prevent misuse of power of attorney by brokers
 "CDSL glitch hits sell orders, brokers allow clients to skip authorisation")
Dalmia Bharat gets securities worth Rs 344 cr back from IL&FS Securities
Cement maker Dalmia Bharat Ltd on Friday said securities worth Rs 344 crore have been credited back to the demat account of its arm by IL&FS Securities Services following an order of the Supreme Court. Mutual fund units of its two erstwhile subsidiaries were earlier "fraudulently and illegally transferred" by Allied Financial Services Pvt Ltd (AFSPL) "in collusion with IL&FS Securities Services Limited (ISSL)", Dalmia Bharat said in a regulatory filing. The two subsidiaries were of Dalmia Bharat's step-down firm Dalmia Cement (Bharat) Limited (DCBL). "We hereby further update that the said Securities of DCBL lying with ISSL were released in favour of DCBL and credited back to its demat account as per said order of the Supreme Court," it said. Earlier on March 16, 2021, the Supreme Court had modified its previous order of August 2019 and had allowed the release of the securities. The apex court had directed "release of the Mutual fund units of two erstwhile subsidiaries of ...
 "Dalmia Bharat gets securities worth Rs 344 cr back from IL&FS Securities")
RBI had no objection to issuance of electoral bonds through SBI, says FM
She said the Committee of the Central Board (CCB) of RBI in its meeting held on October 11, 2017 indirectly agreed for electoral bonds to be issued if it is done by the SBI.
 "RBI had no objection to issuance of electoral bonds through SBI, says FM")
Karvy crisis: What clients should do with holdings in their demat accounts
If demat holdings are intact, then Karvy's clients have the option to move to another broker. If not, they should complain.
 "Karvy crisis: What clients should do with holdings in their demat accounts")
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.
 "Sebi directs listed firms to tighten due diligence for demat requests")
From Oct 2, unlisted firms will issue new shares in demat form, says govt
The decision also comes at a time when the ministry is clamping down on shell companies that are suspected of being conduits for illicit fund flows
 "From Oct 2, unlisted firms will issue new shares in demat form, says govt")
Demat or become invalid
For years, Sebi and exchanges have been trying hard to achieve 100% dematerialisation
