Nomination framework for demat accounts and mutual fund folios is revised to simplify onboarding and transmission of securities. Modifies the nomination framework for demat accounts and mutual fund folios to simplify investor on-boarding and strengthen the nomination process for transmission of securities. For single accounts or folios opened on or after the effective date, nomination is mandatory unless the investor files an opt-out declaration, while nomination remains optional for jointly held accounts or folios and any change requires the consent of all joint holders. Investors may nominate up to three nominees, and regulated entities must provide online and offline nomination facilities, capture prescribed mandatory and optional details, permit changes or cancellation any number of times, and issue acknowledgements for each instance.