https://www.taxtmi.com/circulars?id=61203 A new nomination facility is introduced for mutual fund unit holders. The asset management company must allow individual unit holders, singly or jointly, to nominate a person in whom the units will vest on death, and joint holders may nominate a person to receive all rights in the units on the death of all joint holders. The Fourth Schedule prescribes the nomination or cancellation form and instructions, including eligibility restrictions on who may nominate and who may be a nominee, provision for nomination of a minor through a guardian, rescission on transfer of units, and cancellation only by the original nominators. en-us Tue, 02 Jul 2002 00:00:00 +0530 Tue, 09 Jun 2026 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61203 A new nomination facility is introduced for mutual fund unit holders. The asset management company must allow individual unit holders, singly or jointly, to nominate a person in whom the units will vest on death, and joint holders may nominate a person to receive all rights in the units on the death of all joint holders. The Fourth Schedule prescribes the nomination or cancellation form and instructions, including eligibility restrictions on who may nominate and who may be a nominee, provision for nomination of a minor through a guardian, rescission on transfer of units, and cancellation only by the original nominators. Circulars SEBI Tue, 02 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61203