New rules allow stock account holders to nominate beneficiaries for securities in case of death/incapacity. https://www.taxtmi.com/highlights?id=83622 The Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 were amended to introduce a new regulation 60A mandating participants to provide options to beneficial owners for nomination of persons to whom securities shall vest upon death or incapacitation. For joint accounts, joint beneficial owners may nominate a person upon whom securities shall vest upon death of all joint holders. Depositories and participants are not liable for actions taken based on such nominations. en-us Tue, 03 Dec 2024 18:57:55 +0530 Tue, 03 Dec 2024 18:57:55 +0530 TaxTMI RSS Generator New rules allow stock account holders to nominate beneficiaries for securities in case of death/incapacity. https://www.taxtmi.com/highlights?id=83622 The Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 were amended to introduce a new regulation 60A mandating participants to provide options to beneficial owners for nomination of persons to whom securities shall vest upon death or incapacitation. For joint accounts, joint beneficial owners may nominate a person upon whom securities shall vest upon death of all joint holders. Depositories and participants are not liable for actions taken based on such nominations. Highlights SEBI Tue, 03 Dec 2024 18:57:55 +0530 https://www.taxtmi.com/highlights?id=83622