Nomination compliance for mutual fund unit holders gets extended, with folio freezing timeline and reminder communications retained. The compliance timeline for existing individual mutual fund unit holders to either provide a nomination or opt out of nomination has been extended for the purpose of freezing folios for debit transactions. Asset Management Companies and Registrar and Transfer Agents must continue sending fortnightly email and SMS communications to non-compliant unit holders, with guidance on how to complete nomination or opt out, while all other earlier provisions remain 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 compliance for mutual fund unit holders gets extended, with folio freezing timeline and reminder communications retained.
The compliance timeline for existing individual mutual fund unit holders to either provide a nomination or opt out of nomination has been extended for the purpose of freezing folios for debit transactions. Asset Management Companies and Registrar and Transfer Agents must continue sending fortnightly email and SMS communications to non-compliant unit holders, with guidance on how to complete nomination or opt out, while all other earlier provisions remain unchanged.
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