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

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System after obtaining written request alongwith Annexure JA, which is dulysigned by the Client (signed by all the holders in case of joint holdings).4. Minor attaining majority (NSDL/POLICY/2008/0034 dated May 21, 2008).On minor attaining majority (i.e. 21 years of age in case of minor whose Guardian iscourt-appointed or 18 years where minor's account is represented by a naturalguardian), Participants should follow the procedure given hereunder:Sr. Procedure Reference RemarkNo.4.1 Ascertain the cases Access the module Report displays accountswhere Minors have 'Reports' / <strong>Master</strong> List / that are in status 'Active',attained Majority. Minor turned Adult 'Suspended for Debit' andavailable in the DPMSystem'Suspended for Debit &Credit'4.2 Communicate to theClient (Minor attainedMajority) immediatelyadvising him/her tosubmit a fresh accountPoint no. 1.2.1 of this<strong>Circular</strong> and AnnexureJ of Business RulesIncome Tax Department(ITD) issues a new PANcard with same PAN withrelevant changes on PANcard, on Minor attainingopening formmajority. For detailedalongwith necessaryprocedure, ParticipantsKYC documents &mayreferPAN card alongwithhttp://www.incometaxindiphotograph of thea.gov.inorClient and alsohttp://www.tin-nsdl.com.comply with ‘inperson’verification.56
4.3 Suspend the accountfor debit and disablethe standinginstruction for creditpertaining to theaccount of Minor.4.4 KYC documents andPAN as mentionedunder point no. 4.2herein above shouldbe verified andattested.4.5 Execute a freshParticipant-Clientagreement with theClient.4.6 Capture the newdemographic details inthe DPM System afterdue verification ofsame.DPM System.Point no. 1.1.1 (b) ofthis <strong>Circular</strong>.Annexure B of the ByeLaws of NSDL.Point no. 1.7 of this<strong>Circular</strong>This is in case where theClient does not respondwithin one month from thedate of communication asmentioned in point no. 4.2above.Retain the KYCdocuments of Guardianalongwith Participant –Client agreement executedearlier at the time ofaccount opening by theGuardian on behalf of theClient as a part of accountopening documents.Ensure that thedemographic detailscaptured in the DPMSystem match with thedetails in the new accountopening form, KYCdocuments and PAN cardsubmitted by the Client. Ifthere is mismatch in thedemographic details57
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National Securities Depository Ltd.
Page 3 and 4:
X Registered Society 281.3.3 Escrow
Page 5 and 6: 1. Account Opening:1.1 General Guid
Page 7 and 8: II.bill/ Insurance Copy /Aadhaar Le
Page 9 and 10: VII.VIII.IX.For FII/sub account, Po
Page 11 and 12: above for list of documents which c
Page 13 and 14: point nos. 1.1.2 and 1.1.3], as POI
Page 15 and 16: Form. If ‘in-person’ verificati
Page 17 and 18: e operated by a natural guardian wi
Page 19 and 20: Client(s)", on the account opening
Page 21 and 22: general/specific approvals as may b
Page 23 and 24: IV.Trust: The procedure and documen
Page 25 and 26: (iv) Where the depository account w
Page 27 and 28: ody of individuals and operated by
Page 29 and 30: account after the same has been ver
Page 31 and 32: VII. The Participant should capture
Page 33 and 34: A, Mr. B, Mr. C & Mr. D, the accoun
Page 35 and 36: warehouse receipts will be same as
Page 37 and 38: "Beneficiary Address Local" (referr
Page 39 and 40: facility, the Participant should ca
Page 41 and 42: (a) Sub-type viz. "Margin Account"
Page 43 and 44: 2. Change in demographic details :2
Page 45 and 46: (b) Atleast one of the authorised s
Page 47 and 48: 2.4 Change in bank details:2.4.1 Pa
Page 49 and 50: (a) In case the entity is registere
Page 51 and 52: (d) In case of amalgamation/ scheme
Page 53 and 54: 2.7.4 After the changes are effecte
Page 55: 3.1.6 Nomination in respect of the
Page 59 and 60: guardian, which is/areto be process
Page 61 and 62: Participants should ensure that the
Page 63 and 64: Clarification by SEBI: Only interne
Page 65 and 66: time. However, such revocation shal
Page 67 and 68: 6.3 If the application is not in or
Page 69 and 70: APPLICATION FOR SHIFTING OF CLEARIN
Page 71: 21 Body Corporate Others22 Body Cor
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Master Circular on 'Account Opening' - Version 1 - NSDL

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