The National Securities Depository Limited (NSDL) on March 11, 2026, issued a circular regarding amendments to NSDL’s Business rules for revision in existing penalty, head penalty structure of R&T Agent and/ or issuer having direct connectivity with NSDL for the in-house registry division.
The following has been stated: -
•NSDL has amended its Business Rules to revise the penalty structure for R&T Agents and issuers with in-house registry divisions.
•A penalty applies where internal audit reports lack management comments or compliance on audit observations.
•The penalty is ₹2000 per instance, with an additional ₹1000 for every fortnight of delay until submission of the revised report.
•Issuers and R&T Agents are advised to take note and ensure timely compliance.
[Circular No: NSDL/CIR/II/12/2026]
