Nomination rights require mutual funds to offer a nominee for vesting of units on death and an agent for incapacitation. Regulation 29A requires the asset management company to offer unitholders an option to nominate a person to receive units on the unitholder's death, to ... Summary
Nomination rights require mutual funds to offer a nominee for vesting of units on death and an agent for incapacitation.
Regulation 29A requires the asset management company to offer unitholders an option to nominate a person to receive units on the unitholder's death, to nominate a person authorised to transact on their behalf if incapacitated, and allows joint unitholders to nominate a person to acquire rights if all joint holders die; it also states that the asset management company or its registrar and transfer agent are not liable for actions taken on the basis of such nominations.
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