NSDL circular on Amendments to NSDL Bye Laws and Business Rules pertaining to processing of investor service request for dematerialisation of securities.
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Highlights of the Circular :
All Participants are hereby informed that the following amendments have been made in the NSDL Bye Laws and Business Rules pertaining to processing of investor service request for dematerialisation of securities.
- Amendment to NSDL Bye-Law
Bye Law – 9.2 - Dematerialsation
- Amendment to NSDL Business Rules
a) Rule 11.1 – Dematerialisation of Securities
b) Rule 16.2 – Records to be maintained by the Issuer or Its Registrar and transfer Agents
- Insertion of following Forms in Business Rules for Issuer / RTA to facilitate processing the Investor Service Requests for dematerialisation of securities.
a) Form 4.1 - Dematerialisation conversion request form,
b) Form 31.1 - Transposition form along with dematerialisation conversion request,
c) Form 32.1- Form for transmission along with dematerialisation conversion request,
d) Form 42.1 - Signature variation form along with dematerialisation conversion request
The amendments made in Bye Laws and Business Rules as mentioned above are enclosed as Annexure A, Annexure B and Annexure C in track change mode.
Participants are requested to take note of the same and ensure compliance.