Is a guardian required for individuals with disabilities to open a demat or trading account with SISL?

Adults (18 years and above) who are of sound mind and not legally disqualified from entering into contracts can open accounts independently. If a guardian is needed as per SEBI’s FAQs, SISL accepts a Guardianship Certificate issued by the Local Level Committee, in line with the Mental Health Care Act, 2017, and the National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999. Both the guardian and the individual with disabilities must comply with all applicable KYC norms.