Choice of nomination deadline extended for demat accounts and mutual fund folios, with ongoing compliance communication duties. The compliance deadline for submission of the choice of nomination in eligible demat accounts and mutual fund folios has been extended to June 30, 2024. Depository Participants, AMCs and RTAs must encourage non-compliant holders to complete nomination or opt out of nomination through fortnightly email and SMS communications. Other nomination-related requirements under the existing Master Circulars remain unchanged.
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Provisions expressly mentioned in the judgment/order text.
Choice of nomination deadline extended for demat accounts and mutual fund folios, with ongoing compliance communication duties.
The compliance deadline for submission of the choice of nomination in eligible demat accounts and mutual fund folios has been extended to June 30, 2024. Depository Participants, AMCs and RTAs must encourage non-compliant holders to complete nomination or opt out of nomination through fortnightly email and SMS communications. Other nomination-related requirements under the existing Master Circulars remain unchanged.
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