Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
SEBI Raises Value Of Securities Eligible To Be Held In Basic Services Demat Account
SEBI & SCRA
The Securities and Exchange Board of India (SEBI) has revised the Basic Services Demat Account (BSDA) framework to boost financial inclusion by raising the securities limit from Rs 4 lakh to Rs 10 lakh. \r
According to the new circular, which took effect on Friday, the value of securities in a BSDA must not exceed Rs 10 lakh for both debt and non-debt securities combined. To qualify for a BSDA, an individual must hold only one such account and one BSDA across all depositories. \r
Maintenance charges will now be Rs 100 for holdings between Rs 4 lakh and Rs 10 lakh, with no charges for amounts up to Rs 4 lakh. For amounts exceeding Rs 10 lakh, regular demat charges apply. Depository participants are required to review and update accounts to reflect these changes within two months.
