Market regulator Securities and Exchange Board of India (Sebi) today said investors with inactive accounts that is with zero balance and no trades for a year, will now get their physical annual account statements upon request from the second year. As per the new norms issued by the Sebi, the DP shall send atleast one annual physical statement of holding to the stated address of the Beneficial Owner in respect of accounts with no transaction and nil balance even after the account has remained in such state for one year.
News On AIR | July 1, 2014 8:54 PM
Investors with inactive accounts to get physical annual account statements now