The Securities and Exchange Board of India (Bubi) has proposed a new approach to non-safe safety and security services.
Reference Unfare customer fees Rels 32 CRore And security costs Rs 182 crore from January 2025, Sibi aims to ensure that these assets are restored to the right-owners.
What is the income unwanted?
Under the proposed description:
- Fees or safety that can be referred to a client account or demo account due to incorrect information or unemployment will be classified as “Unpleasant.”
- Clients that cannot be achieved within 30 days of marks as unwanted.
Steps to find investors
Changers and exchange will have to make practical efforts to obtain appropriate owners. Must:
- Contact the Instructions of Books, Email, and Phone Phones.
- Reach the pronouns, nominees, employers, or relatives.
- Keep records of efforts to follow investors.
How will unsearched goods be treated?
With unwanted money:
- Within 30 days: Funds will be kept in fixed deposits (FDs) or water schemes for all night.
- After 1 year: Funds will be transferred to the designated stock exchange (DSE).
- After three years: Funds will be submitted to Investor Protection Fund (IPF).
With unwanted safety:
- Within 7 days: Safety will be trusted in a special account under Demitte Stock Exchange.
- If you are not 3 years old: Safety will be kept under a special stage of investors claims.
What happens if a trader is default?
If the defaultable seller or runlenders membership, unclaimed shares will be forwarded to Stock Exchange. These security services will be promised in a special account until the investor is available. No charges will be charged by managing these assets.
Sebi’s push tracking of unwanted property
Sebi and includes digital solutions such as:
- Mitra (bag of planting fund investing a returner) Tracking Mutual Folios.
- Digilocker combination Demat accounts to improve investment access to holding.
Investment and Safety Benefits
The program ensures that investor’s assets are always protected and available. With strengthening technology and management technology, Si aims to reduce the amount of incapable funds and security. The consultation paper is open to the public feedback until March 4, 2025.
