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        SEBI

        Regulation 60A - Nomination

        Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
        Chapter VII
        RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION

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        Nomination rights: participants must offer beneficial owners option to nominate successors for securities and agents to act on incapacity. Participants must provide a nomination facility allowing a beneficial owner to designate a person to receive vesting rights in the owner's securities on death, including joint-account nominations where all joint owners may together nominate a recipient. Participants must also provide an option to nominate a person authorized to transact on the owner's behalf upon incapacitation. Depositories and participants are not liable for actions taken in reliance on a nomination made by the beneficial owner, and nominations must be made in the manner specified by regulation.
                      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: participants must offer beneficial owners option to nominate successors for securities and agents to act on incapacity.

                            Participants must provide a nomination facility allowing a beneficial owner to designate a person to receive vesting rights in the owner's securities on death, including joint-account nominations where all joint owners may together nominate a recipient. Participants must also provide an option to nominate a person authorized to transact on the owner's behalf upon incapacitation. Depositories and participants are not liable for actions taken in reliance on a nomination made by the beneficial owner, and nominations must be made in the manner specified by regulation.


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