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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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