August 2010
NSDL - Trusted by more than One Crore account holders
SEBI’s directive for Mandatory requirement of PAN new feature to Users of IDeAS who have forgotten SEBI has vide its Circular No. CIR/MRD/DP/22/2010 their passwords or have entered wrong passwords dated July 29, 2010 informed regarding the (upto three attempts) to auto-reset the password mandatory requirement of Permanent Account on IDeAS. This feature is made available for Users Number (PAN) for all transactions in the securities exclusively availing IDeAS facility. The auto-reset market. SEBI has specifi ed that in order to ensure password facility is not available to those Users who better compliance with the Know Your Client (KYC) have subscribed for both IDeAS as well as SPEED-e norms, it has been decided that with effect from facility. August 16, 2010 depository accounts which are PAN Further details about this facility are mentioned non-compliant shall also be ‘suspended for credit’ in Circular Nos. NSDL/POLICY/2010/0057 dated other than the credits arising out of automatic May 25, 2010 and NSDL/POLICY/2010/0074 dated corporate actions. It is clarifi ed that other credits July 1, 2010. including credits from IPO/FPO/Rights issue, Conversion of existing Mutual Fund units off-market transactions or any secondary market represented by Statement of Account into transactions shall not be allowed into such accounts. dematerialised form through Participants Participants are advised to ensure compliance with the requirement and communicate the same to all NSDL has provided a facility for investors to the concerned Benefi cial Owners. submit request for conversion of their mutual fund units represented by Statement of Account This has been informed to Participants vide Circular into dematerialised form through its Participants. No. NSDL/POLICY/2010/0085 dated July 30, 2010. Procedure for conversion of Mutual Fund Units Facility to Auto-reset password on IDeAS into dematerialised form through your Depository NSDL had enhanced its IDeAS facility to facilitate Participant (DP) is mentioned below: Users to capture or modify their email addresses 1. Obtain Conversion Request Form (CRF) from registered on IDeAS. NSDL has further provided a your DP.
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