e-Stamping - A simpler way to pay stamp duty
Upfront Stamp-duty to be paid for Off Market /Pledge Invocation Instructions compulsorily before transfer/execution of instruction wherever consideration amount is mentioned from January 9, 2020.
NSDL vide Circular No. NSDL/POLICY/2017/0009 has advised on updation of email IDs, mobile numbers and correct & complete bank accounts details of clients.
DPs are advised to refer to NPCI circular no. NPCI/2016-17/NACH/Circular No.200 dated December 05, 2016 regarding penalty for transactions processed with old bank account numbers (refer Annexure) whereby NPCI has informed its member banks that penalty will be imposed on banking transactions presented with old bank account numbers.
Trade Instruction Processing - SEBI vide Circular No. CIR/MIRSD/01/2014 dated January 7, 2014, has laid down various procedures regarding standardization, monitoring and scanning of Delivery Instruction Slips. Clients are requested to note that w.e.f. from January 7, 2016, Beneficiary Trade Instructions will be processed only on submission of new DIS Format (Form 12&15). Kindly ensure new DIS booklet has been received by you.
SEBI Vide Cir No.CIR/MRD/DP/31/2014 dtd Nov 12,2014 has mandated CDSL/NSDL to provide a Consolidated Account Statement (CAS) to clients to enable a single consolidated view of all the investments in Mutual Funds and Securities held in demat form with the Depositories w.e.f Mar 2015. Clients who do not want such statement, need to opt otherwise.
As per SEBI directive, the DP-BO agreement has been replaced with a common document "Rights and Obligation" which is mandatory and binding on all existing and new clients and DP.
With effect from 27th Feb,13 for NSDL demat a/cs with no transaction,statement to be sent to Client's in physical form on an annual basis only-NSDL/POLICY/2013/0034
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