Chapter VIII - NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDS (From Regulation 43 to Regulation 46)
Mutual fund nomination rules require AMCs to allow nominees for incapacitation and vesting of units on death. Regulation 27 requires asset management companies to provide unitholders an option to nominate persons authorised to transact on their behalf if incapacitated and to nominate persons with whom units will vest as trustees for legal heirs upon death; joint unitholders may jointly nominate such persons, and the asset management company or its registrar and transfer agent is not liable for good faith actions taken on the basis of a unitholder's nomination.
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.
Mutual fund nomination rules require AMCs to allow nominees for incapacitation and vesting of units on death.
Regulation 27 requires asset management companies to provide unitholders an option to nominate persons authorised to transact on their behalf if incapacitated and to nominate persons with whom units will vest as trustees for legal heirs upon death; joint unitholders may jointly nominate such persons, and the asset management company or its registrar and transfer agent is not liable for good faith actions taken on the basis of a unitholder's nomination.
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