NSDL Circular on : Operational guidelines in respect of OTP for off market transfers
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Date |
Issuer |
Subject |
Topic |
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20-10-2020 |
NSDL |
Operational guidelines in respect of OTP for off market transfers |
Demat Transfers |
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Highlights of NSDL Circular dated October20, 2020 on Operational guidelines in respect of OTP for off market transfers SEBI, vide its Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/158 dated August 27, 2020 had directed the Depositories to obtain client’s consent through One Time Password (OTP) for all off market transfer of securities from client’s demat account, with effect from November 1, 2020.
In view of the above, NSDL has issued Operational guidelines in respect of OTP for off market transfers vide their circulars dated October 20, 2020.
NSDL Circular no.NSDL/POLICY/2020/0138October 20, 2020isenclosed herewith for your ready reference. In case of any clarification or assistance required in implementation of this circular you may contact VANDANA VANIA – van...@secmark.in / 9223303460 SHARDUL SHAH - shard...@secmark.in/ 9869265949 / 9653415968 |
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