SEBI has brought about a major change in the stock market, which has brought a huge relief to investors. In fact, SEBI has allowed KYC for holders of physical shares i.e. shares in paper form. Where earlier PAN card, Aadhaar card along with digital signature address was demanded. Now customers will have the option to opt out. For this, SEBI has issued a circular today saying that this rule will be implemented immediately.
The number of physical shareholders is very high
Let us tell you that the number of people who buy physical shares is also very significant compared to those who buy digital shares. Physical forms account for 10 percent of the share of digital forms in the country. So, due to the old rules of SEBI, investors were facing a lot of difficulty, which was constantly being demanded. Due to SEBI regulations, physical shares have seen a decline of 12 percent in the last 6 months.
A big change can be seen in the market in the near future
SEBI also said that this rule is being removed considering the opinion of investors and experts. We hope this will encourage investors to invest more in the companies. Let us tell you that, due to this changed rule, experts are seeing an increase of 5 to 10 percent in the market. This means that this news should provide some relief amid the fall in the stock market. The benefits of this new update can be seen in the coming weeks. It is believed that his physical form can break the records of all his rivals.