The National Securities Depository Limited (NSDL) on March 18, 2026, issued the notification regarding the 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 in-house registry division (Revised).
The following has been stated namely: -
• NSDL has amended its Business Rules regarding the penalty structure for R&T Agents and issuers with direct connectivity (including in-house registry divisions).
• The amendment specifically addresses non-compliance in submission of internal audit reports.
• Penalty applies if the audit report is submitted without management comments on deviations or without compliance updates on pending observations.
• Such compliance details must be provided within 60 days from communication by the depository.
• Penalty structure: ₹2,000 per instance plus an additional ₹1,000 for every fortnight of delay until a revised report is submitted.
[Notification No. NSDL/CIR/II/12/2026]
