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Master Circular on 'Account Opening' - Version 1 - NSDL

Master Circular on 'Account Opening' - Version 1 - NSDL

Master Circular on 'Account Opening' - Version 1 - NSDL

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(b) Atleast <strong>on</strong>e of the authorised signatories should visit the office of theParticipant in pers<strong>on</strong> to submit its applicati<strong>on</strong> for change of addressal<strong>on</strong>gwith necessary documents. However, in case authorisedsignatories expresses their inability to pers<strong>on</strong>ally visit the Participant‟soffice, the applicati<strong>on</strong> for change of address al<strong>on</strong>gwith otherdocuments including the latest transacti<strong>on</strong> statement can be submittedthrough an authorised representative whose identity the Participantmust verify by collecting any of the proof of identity documents asstated in point no. 1.1.2 above.(c) The authorised signatories or their authorised representative shouldsign the applicati<strong>on</strong> <strong>on</strong>ce again in the presence of the officials of theParticipant.(d) Participant should collect Proof of new address (copies of documentsmenti<strong>on</strong>ed under point no. 1.1.3 al<strong>on</strong>gwith the original document ofnew address, for verificati<strong>on</strong> by the Participant).(e) An authorised official of the Participant shall verify the applicati<strong>on</strong>and the abovementi<strong>on</strong>ed documents should be verified and attested inaccordance with point no. 1.1.1 (b) above and thereafter record thechange of address in the DPM System.(f) After effecting the change of address in the DPM System, theParticipant should send a communicati<strong>on</strong> to the Client, c<strong>on</strong>firming thechange of address, to the old and the new addresses.2.2 Change of Signature (<strong>NSDL</strong>/PI/2004/0045 dated January 7, 2004):2.2.1 For depository account opened in the name of Individual:Participants are advised to follow the below menti<strong>on</strong>ed procedure foreffecting change of signature of Clients:a) The Client should make a request in writing specifying reas<strong>on</strong>s forchange in signature.b) New signature should be duly attested by Client's banker.45

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