The market regulator, Sebi, in order to protect investors’ and to safeguard investor interests, has directed its efforts towards minimizing the creation of Unclaimed Assets (UA) in the securities market. These measures shall come into effect from April 1, 2025, according to a circular released by Sebi. Also Read | MF Tracker: Kotak Emerging Equity … Read more
ITR deadline: The Income Tax Department permits individuals to submit condonation requests for delayed e-verification or filing of income tax returns. Condonation of delay is the process of requesting the Income Tax Department for allowing you to verify your ITR (after 120 days of filing your ITR) or submit your ITR (after the last date of … Read more
ITR filing AY202-25: Individual taxpayers have either submitted or are gearing up to submit their Income Tax Returns (ITR) as the deadline on July 31 approaches. It’s important to note that the ITR process doesn’t conclude with just submitting the return. Verification of the ITR is a vital step in finalising the filing procedure and … Read more
Nearly 43 lakh new demat accounts were added in February taking the overall tally to 14.80 crore accounts according to estimates by Motilal Oswal. Meanwhile, the average monthly additions were 21 lakh in FY23. Central Depository Services (India) Limited continued its market dominance gaining market share in February 2024 in terms of the total number … Read more
In December 2023, the Indian stock market experienced a significant burst in investments, with a massive 4.2 million new demat accounts being opened. According to several experts, this surging interest in equities is likely due to increased financial literacy, digitisation, user-friendly trading platforms and the FOMO factor. The growing number of demat accounts may foretell … Read more
Individual mutual fund investors and demat account holders must comply with the Securities and Exchange Board of India (Sebi) directive and submit nomination declarations or opt out of nominations before December 31, 2023. Kashmira Kalwachwala, Head of Investor Services, Tata Asset Management, said, “As we approach the deadline set by Sebi for adding nominees to … Read more
Investors and brokers have been grappling with the chaos triggered by the implementation of the new norms on pledging and unpledging of shares introduced by the Securities and Exchange Board of India (Sebi). ET takes a look at what caused the confusion and the ensuing events: What is the new pledge system?Sebi recently introduced a … Read more