Notification/Circular No. CDSL/OPS/DP/POLCY/2026/316 dated May 08, 2026
Applicable Act/Rule: SEBI Circular on Ease of Doing Investment and Ease of Doing Business
Effective Date: May 08, 2026
Central Depository Services (India) Limited (CDSL) issued a communiqué to Depository Participants (DPs) regarding the revised process for direct credit of securities in the dematerialisation account of investors. The communiqué refers to CDSL Communique No. CDSL/OPS/DP/POLCY/2026/202 dated March 23, 2026 and SEBI Circular No. HO/38/13/(3)2026-MIRSD-POD/I/3763/2026 dated January 30, 2026.
The communiqué specifies the dematerialisation process to be followed by DPs for Investor Service Requests.
The following process has been prescribed:
“1. DPs shall provide the Latest Client Master List (CML) to the demat account holder/s not more than 2 months old.
2. Beneficial Owner(s) will affix their signature(s) on the common standard Demat Request Conversation form (DCRF) and the signature of the BO(s) should be duly attested by the DP Official with the sign & seal, after due verification of the signature(s) of the BO with the specimen signature of the account holder(s) available in demat account.
3. DPs are required to provide their attestation on the DCRF on account of Investor service requests as mentioned in above point no.2 and DPs are not required to setup the demat for the same. Investor service requests for dematerialisation will be setup by the RTAs only.”
Disclaimer: The information contained in this Article is intended solely for personal non-commercial use of the user who accepts full responsibility of its use. The information in the article is general in nature and should not be considered to be legal, tax, accounting, consulting or any other professional advice. We make no representation or warranty of any kind, express or implied regarding the accuracy, adequacy, reliability or completeness of any information on our page/article.