The National Securities Depository Limited (NSDL) on April 24, 2026, notified regarding the Amendments to the Business Rules of NSDL regarding Closure and Shifting of Demat accounts and Opening of Demat accounts in the name of AOP.
It has introduced amendments to its Business Rules covering two key areas. First, provisions for opening demat accounts in the name of an Association of Persons (AOP) have been updated, with changes incorporated in Form 11. Second, revisions have been made to procedures for closure and shifting of demat accounts, including updates to Business Rule 12.8.3, Annexure K (Rights and Obligations of the Beneficial Owner and Depository Participant), and Form 34 (Application for Closing a Demat Account). The revised documents have been issued with tracked changes for reference.
[Notification no. - NSDL/POLICY/2026/0062]
