1. Inorder to encourage Clients to make nomination in demat account, nomination process has been simplified whereby clients can now provide any one of the following documents of the nominee and guardian (in case of nominee is minor) at the time of nomination:
a) Nominee's photograph and signature or
b) PAN or
c) Aadhaar number or
d) Details of saving bank account maintained with Participant or
e) Copy of any other proof of identity of nominee (accompanied by originals for verification or duly attested by any entity authorized for attesting the documents as prescribed by SEBI) or
f) Demat account details of nominee.
2. In case of transmission of the securities to Claimant [i.e. the nominee or legal heir(s) or legal representative(s)] where demat account of the claimant is not with the Participant, Participants shall obtain copy of Client Master report of demat account of Claimant.
3.Participants can make additions to the format of the Account Opening Form and changes in the sequence / order of the fields. Deletion of any field is not permitted.
With effect However, Participants may use the existing stock of Account Opening Forms (Part 2 of Annexure J and K) until the stock last. from June 25, 2014, Participants must obtain amended KYC Application Forms (Part 1 of Annexure J and K) in respect of all new clients.
(Ref:Circular Nos. NSDL/POLICY/2013/0143 dated December 27, 2013 & NSDL/POLICY/2014/0060 dated May 13, 2014)