The deadline for nominations for trading and demat account holders has been extended by SEBI to March 2023

On February 24, the Securities and Exchange Board of India (SEBI) extended the deadline until March next year for existing trading and demat account holders to choose their nomination or opt out. Originally, SEBI had set March 31, 2022, as the deadline, after which accounts would be frozen for debits if no nomination was provided. However, based on stakeholder feedback, SEBI decided to implement the freezing of accounts from March 31, 2023. Existing investors who already submitted nominations before the July 2021 circular are not required to resubmit, and those who haven't can do so with a two-factor authentication login on the trading platform. New investors since October 1, 2022, can declare their nomination preferences when opening trading and demat accounts.

SEBI