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of <h1>Securities holders can nominate heirs under Regulation 60A; joint owners can nominate collectively. No liability for depositories.</h1> Regulation 60A of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, mandates that participants provide beneficial owners the option to nominate a person to inherit their securities upon their death. Additionally, beneficial owners can nominate someone to manage transactions if they become incapacitated. In cases of joint ownership, all joint owners may collectively nominate a person to inherit the securities if all owners pass away. Neither the depository nor the participant bears liability for actions taken based on such nominations.
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