CDS and Clearing Limited Resumes BO-BO Transfers Following Previous Suspension

CDS and Clearing Limited has announced the resumption of BO-BO (Beneficial Owners to Beneficial Owners) transfers, reversing an earlier suspension implemented due to a surge in transfer activities.

Previously, the authority had temporarily halted these transfers, requiring mandatory documentation to verify financial liabilities before processing any BO-BO transfer requests. This measure was introduced to ensure compliance and manage the increased volume of transactions.

Effective immediately, BO-BO transfers between demat accounts will once again be operational. However, demat account holders are reminded that this resumption will proceed without any changes to the requirement for necessary documentation. 

Investors can now resume their BO-BO transfers, following the updated guidelines set by CDS and Clearing Limited.