Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Nomination requirement for mutual fund holders gets extended, delaying folio freezing and requiring repeated compliance reminders. Existing individual mutual fund unit holders were required to either provide nomination or opt out of nomination, with non-compliant folios originally liable to be frozen for debits. The freezing date was extended to September 30, 2023, while AMCs and RTAs were directed to send fortnightly emails and SMS guidance to non-compliant unit holders. All other provisions of the earlier nomination circulars remained unchanged.
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 requirement for mutual fund holders gets extended, delaying folio freezing and requiring repeated compliance reminders.
Existing individual mutual fund unit holders were required to either provide nomination or opt out of nomination, with non-compliant folios originally liable to be frozen for debits. The freezing date was extended to September 30, 2023, while AMCs and RTAs were directed to send fortnightly emails and SMS guidance to non-compliant unit holders. All other provisions of the earlier nomination circulars remained unchanged.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.