- SEBI, vide its Circular dated 15th June, 2022 to bring uniformity in practices across securities market provided Investors subscribing to mutual fund units on or after 1st August, 2022, the choice of :
- Providing nomination in the format specified in fourth schedule of SEBI (Mutual Funds) Regulations, 1996 (or)
- Opting out of nomination through a signed Declaration form as provided in Annexure – A to this circular.
- Further it is to be noted that, In case of physical option, the forms shall carry the wet signature of all the unit holder(s) and in case of online option, the forms shall be using e-Sign facility recognized under Information Technology Act, 2000.
- Other than that, All the AMCs are advised to set deadline as 31st March, 2023 for nomination / opting out of nomination for all the existing individual unit holder(s), failing which the folios shall be frozen for debits.
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