CDSL Circular on-Submission of Internal Audit Report for the half year ended on March 31, 2024

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Date of Issue: 23-4-2024

Issuer: CDSL

Submission of Internal Audit Report for the half year ended on March 31, 2024

Highlights of CDSL Circular dated April 23, 2024

DPs are advised to refer Communique no. CDSL/OPS/DP/POLCY/2024/147 dated March 14, 2024, regarding Freezing of demat accounts of existing clients whose KYC records are not found to be valid by KRAs after the validation process.

In continuation to above, KRAs have provided the list of KYC records which are not found to be valid due to various reasons (including invalid PANs for any reasons (both Aadhaar and Non Aadhaar based) updated during March 01, 2024, to March 31, 2024.

Based on the details of invalid PANs received from KRAs updated as on March 31, 2024, list of DP wise accounts identified against said invalidated PANs was made available by CDSL in the DPs billing folder with file name as “BLNG<<DP ID>>_ KRA_DEFICIENT_BO_09042024.tar” for follow up with identified deficient BOs.  

The aforesaid Demat accounts will be frozen for both - debit and credit with freeze reason code “27 – Account holder related–KYC non-compliant” on Saturday, May 04, 2024, considering the updated data made available by KRAs as on May 02, 2024.

DPs are advised to take note of the same.

In case of any clarification or assistance required in the implementation of this circular, you may contact

Kaushik Jethwa - kau...@secmark.in / 9870210171

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