Sebi proposes to make nominations in financial assets simpler
Mon, Feb 5, 2024 1:33 PM

Sebi proposes to make nominations in financial assets simpler

A Flip by Avya Verma
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Sebi proposed revisions to current nomination processes for demat accounts and mutual funds in order to streamline the process of transmission of assets to surviving family members after an investor's death. The consultation paper suggests doing away with the requirement of mandatory nomination for joint holdings, allows specifying successive nominees, and gives an option for temporary/permanent.

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