Nomination for mutual fund unit holders: timeline extended, with physical signatures and online validation rules for nomination forms. Extends the timeline for mutual fund investors to submit nomination details or a declaration opting out of nomination. Investors subscribing to mutual fund units on or after October 1, 2022 may choose either the nomination form or the opt-out declaration, in physical or online form. Physical forms require wet signatures of all unit holder(s), while online forms may be validated through e-Sign or two-factor authentication using an OTP sent to the registered email or phone number.
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Provisions expressly mentioned in the judgment/order text.
Nomination for mutual fund unit holders: timeline extended, with physical signatures and online validation rules for nomination forms.
Extends the timeline for mutual fund investors to submit nomination details or a declaration opting out of nomination. Investors subscribing to mutual fund units on or after October 1, 2022 may choose either the nomination form or the opt-out declaration, in physical or online form. Physical forms require wet signatures of all unit holder(s), while online forms may be validated through e-Sign or two-factor authentication using an OTP sent to the registered email or phone number.
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