Mutual Funds, demat accounts, Sebi extends deadline for nomination filing till June 2024!
Banking & Finance
Further, Sebi asked asset management companies (AMCs), depository participants and Registrar and Transfer Agents (RTAs) to encourage the demat account holders and mutual fund unit holders to fulfil the requirement for nomination/opting out of the nomination by sending a communication on fortnightly basis by way of emails and SMS to all such unit holders who are not in compliance with the requirement of nomination.
Earlier, Sebi had pushed the deadline from September 30 to December 31 so that MF holders could complete the nomination process.
In a notification, Sebi said investors must either choose a nominee/s or explicitly opt out of nomination by submitting a declaration before the set deadline.
About SEBI (Securities and Exchange Board of India):
Founded: 12 April 1988
Headquarters: Mumbai, Maharashtra
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