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Opening of Demat Account in the name of Association of Persons

News Corporate Finance & M&A English Law & Policy Updates
Date: 25th Feb, 2025 Source: Securities and Exchange Board of India Country: India Original Source

Brief

The Securities and Exchange Board of India (SEBI) has permitted the opening of demat accounts in the name of an Association of Persons (AoP) to facilitate the holding of mutual fund units, corporate bonds, and government securities in dematerialized form. This decision, effective from June 2, 2025, aims to enhance ease of doing business while ensuring regulatory compliance. Depositories must implement necessary changes and inform market participants.

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Securities and Exchange Board of India

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