Option to hold units in demat form: mutual funds must enable allotment to demat accounts and disclose correct ISINs. Mutual funds must offer investors the option to receive allotment of units in demat form across all scheme types by providing a demat account field in subscription forms; AMCs must obtain and quote the correct ISIN for each option of every scheme alongside the scheme name in all Statements of Account/Common Account Statements to prevent dematerialisation rejections and facilitate transfers.
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.
Option to hold units in demat form: mutual funds must enable allotment to demat accounts and disclose correct ISINs.
Mutual funds must offer investors the option to receive allotment of units in demat form across all scheme types by providing a demat account field in subscription forms; AMCs must obtain and quote the correct ISIN for each option of every scheme alongside the scheme name in all Statements of Account/Common Account Statements to prevent dematerialisation rejections and facilitate transfers.
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