Rights & Obligations of BOs

Rights of Beneficial Owners

  • To receive contract notes for all debits/credits in the demat account
  • To receive statement of accounts and holdings at prescribed intervals
  • To lodge complaints with the DP and escalate as per grievance redressal mechanism
  • To nominate a person to receive securities in the event of death
  • To opt for transaction alerts via SMS/email

Obligations of Beneficial Owners

  • To provide accurate KYC information and update changes promptly
  • To verify contract notes and statements and report discrepancies within prescribed timelines
  • To ensure sufficient balance before giving delivery instructions
  • To comply with SEBI, depository, and DP regulations

Rights & Obligations document

The standard Rights and Obligations document prescribed by SEBI/NSDL will be provided at the time of account opening and is available on request from dp@purvashare.com.