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For the purpose of transmission of securities, individual Beneficial Owner [BO] account holder(s) have an option to either avail the nomination facility by providing the nominee details in Annexure J/JA or provide a declaration that they do not wish to make a nomination with regard to the securities held in the BO account.

In few cases the BO account holder(s) may have provided the nominee details in the format prior to the introduction of Annexure JA at the time of opening of the BO account or subsequently but due to circumstances beyond the control of BO(s), the information in the specified new format (i.e. including photograph and signature of nominee) may not have reached the Participant before the demise of the BO account holder(s). In such cases, Participants may, on receipt of the indemnity as per the specified format along with the relevant documents, process the transmission requests after satisfying themselves about the identity of the nominee.

Further details about this circular are posted on NSDL website www.nsdl.co.in.

(Ref: Circular Nos. NSDL/POLICY/2009/0002 dated January 3, 2009 & NSDL/POLICY/2013/0002 dated January 3, 2013)

SEBI vide its Circular No. CIR/MIRSD/01/2013 dated January 4, 2013 stated that with a view to bring about operational flexibility and in order to ease the PAN verification process, the intermediaries may verify the PAN of their clients online at the Income Tax website without insisting on the original PAN card, provided that the client has presented a document for Proof of Identity other than the PAN card.

(Ref: Circular No. NSDL/POLICY/2013/0003 dated January 4, 2013)

With the Introduction of Rajiv Gandhi Equity Savings Scheme (RGESS) for new retail investors, following features are being introduced to facilitate Participants for RGESS implementation:

• Eligibility of depository accounts marked for RGESS.
• Access to information regarding ineligible depository accounts marked for RGESS on i-Assist.
• Execution of quantity level freeze (lock-in of eligible securities).
• Annual Transaction Statement for the accounts marked for RGESS.

(Ref: Circular No. NSDL/POLICY/2013/0006 dated January 8, 2013)

• NCDO/NISM training / certification programmes for Participants

NSDL has made arrangements with NISM to facilitate staff of Participants to get certified for NISM-Series VI Depository Operations Certification Examination (DOCE) as per SEBI requirements. A training programme is conducted by NSDL for Participant’s staff followed by NISM-Series VI-DOCE online test conducted by NISM. In December 2012, NSDL conducted seven such training programmes at Ahmedabad, Chennai, Mumbai and New Delhi which were attended by 275 officials nominated by various Participants.

• KYC Training Programme for Participants

In light of the recent developments with respect to depository account opening viz., Introduction of KYC Registration Agency (KRA), Qualified Foreign Investors (QFI), Basic Services Demat Account (BSDA), Rajiv Gandhi Equity Savings Scheme (RGESS) etc., training programme on ‘KYC requirements for Account Opening’ was organized which focused on latest developments as well as other requirements for opening various Depository Accounts, to facilitate efficient functioning of depository operations of Participants. In November 2012, NSDL conducted five such training programmes in Ahmedabad, Chennai, Kolkata, Mumbai and New Delhi which were attended by 234 officials of Participants.

• CPE Training Programme for Participants

NSDL, an approved NISM Accreditated Continuing Professional Education (CPE) Provider offers CPE programmes for associated persons of market intermediaries who are holding one of the valid certificates such as NCFM (NSE’s Certification in Financial Markets), NCDO (NSDL’s Certification in Depository Operations), BCCD (BSE’s Certification on Central Depository), Certificate on completion of CDSL’s DP training programme on Central Depository Services (India) Limited & NISM Series VI- Depository Operations Certification Examination (DOCE). In December 2012, NSDL conducted six such training programmes at Chennai, Kolkata, Mumbai & New Delhi which were attended by 88 persons nominated by various Participants.

Name Change of Participant

• The name of ‘The Jammu & Kashmir Bank Limited’ as a Participant is replaced with ‘JKB Financial Services Limited’ (DP ID IN302349) consequent to transfer of depository business.

One more Participant became operational in NSDL during January 2013

• The above addition take the total number of operational Participants to 283 and the total number of Depository Participant Module (DPM) set-ups to 363.