Important update for demat, mutual funds nominations - Details
1 year, 8 months ago

Important update for demat, mutual funds nominations - Details

India TV News  

The original deadline for linking PAN to Aadhaar, demat, and mutual fund nominations was March 31, 2023. The deadline for linking PAN and Aadhaar As per a press release issued by the Central Board of Direct Taxes on March 28, 2023, individuals can now link their Permanent Account Number with Aadhaar without any negative consequences, as the deadline for integration has been extended to June 30, 2023. The Securities and Exchange Board of India extended the deadline for mutual fund unit holders to submit nominations or opt out from March 31 to September 30, 2023. Last year, the markets regulator urged that all current individual unity holders of mutual fund units, whether individually or jointly, make nominations by March 31; otherwise, the folios would be frozen for debits.

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History of this topic

Demat accounts & mutual fund portfolios won't be frozen for not giving nomination details : SEBI
6 months, 2 weeks ago

Demat accounts & mutual fund portfolios won't be frozen for not giving nomination details : SEBI

Hindustan Times  

Demat accounts and mutual fund portfolios won't be frozen for not submitting nomination, SEBI announced today. Security holders can also receive dividend, interest or redemption payment as well as to lodge grievance or avail any service request, even if 'choice of nomination' is not submitted, SEBI wrote, adding that payments including dividend, interest or redemption payments which are currently withheld …

SEBI mulls revamping nominations framework to reduce unclaimed assets in securities market
10 months, 3 weeks ago

SEBI mulls revamping nominations framework to reduce unclaimed assets in securities market

The Hindu  

Capital markets regulator Securities and Exchange Board of India on February 2 proposed revamping the nominations framework in a bid to reduce unclaimed assets in the securities market as well as smoothen the process for claiming the assets by surviving successors of the deceased investors. Such revamped nomination facilities will operate without affecting the prevalent systems of law governing transmission …

SEBI extends deadline to add nominees in mutual funds, demat accounts to June 2024
11 months, 3 weeks ago

SEBI extends deadline to add nominees in mutual funds, demat accounts to June 2024

India TV News  

Business news: Markets regulator the Securities and Exchange Board of India today extended the deadline to June 30, 2024 for demat and mutual fund account holders to provide a nomination. "Based on representations received from the market participants, for ease of compliance and investor convenience, it has been decided to extend the last date for submission of 'choice of nomination' …

Last date to add nominee in mutual funds, demat account is December 31: Check process here
1 year ago

Last date to add nominee in mutual funds, demat account is December 31: Check process here

Hindustan Times  

All mutual fund investors must take note that December 31, 2023 is the last day for you to add and update the nominee in your mutual fund and demat account, according to the rules updates by the Securities and Exchange Board of India. The deadline to add nominee to your demat account is December 31 SEBI has made it mandatory …

SEBI prolongs the nomination deadline for demat accounts until December 31. All you need to know
1 year, 2 months ago

SEBI prolongs the nomination deadline for demat accounts until December 31. All you need to know

Live Mint  

Individual Demat account holders now have until December 31 to either nominate a beneficiary or choose to opt out by submitting a declaration form. As per SEBI's regulation, new investors are required to either nominate their securities or explicitly opt out of nomination by submitting a declaration form when establishing trading and Demat accounts. In a circular issued on March …

Mutual fund folios, demat account-related deadlines: 5 changes in place from October 1
1 year, 2 months ago

Mutual fund folios, demat account-related deadlines: 5 changes in place from October 1

Hindustan Times  

In October, several significant changes are set to take place in the personal finance and administrative landscape of the country. Mutual fund folios nomination: The deadline to designate nominees for all existing mutual fund folios, including jointly-held ones, is September 30, 2023. Sebi nomination deadline for demat, trading accounts: The cutoff date for eligible existing trading and demat account holders …

Sebi extends deadline to add nominees for demat account holders till December-end
1 year, 2 months ago

Sebi extends deadline to add nominees for demat account holders till December-end

India TV News  

Capital markets regulator Sebi on Tuesday extended the deadline by three months to December-end for existing demat account holders to provide choice of nomination or formally opt out of nomination through a declaration form. Earlier, the deadline for existing eligible trading and demat account holders to provide a choice of nomination was on or before September 30. Further, Sebi has …

Deadline for adding nominee for stock market, MF investors end this month
1 year, 3 months ago

Deadline for adding nominee for stock market, MF investors end this month

Live Mint  

The deadline for updating the nomination for your mutual fund investments, trading, and demat accounts is just ten days away. Nomination deadline for trading, demat accounts In a circular dated 27 March, the market regulator extended the deadline for existing eligible trading and demat account holders to nominate a beneficiary for their accounts to September 30, 2023. “Based on the …

Sebi Extends Nomination Deadline for Existing Trading, Demat Account Holders Till Sep 30
1 year, 8 months ago

Sebi Extends Nomination Deadline for Existing Trading, Demat Account Holders Till Sep 30

News 18  

Capital markets regulator Sebi on Tuesday extended the deadline till September-end for existing trading and demat account holders to provide choice of nomination or opt out of nomination. In July 2021, the Securities and Exchange Board of India asked all existing eligible trading and demat account holders to provide choice of nomination on or before March 31, 2022, failing which …

From Aadhaar-PAN linking to mutual fund nomination, five things you must do before March 31
1 year, 8 months ago

From Aadhaar-PAN linking to mutual fund nomination, five things you must do before March 31

Hindustan Times  

The last day of March marks the end of a financial year. With the new fiscal year beginning from April 1, it is important that we complete necessary financial tasks to get some much-needed benefits. Mutual funds nomination According to a circular by the Securities and Exchange Board of India, it is important for mutual fund investors to submit nomination …

How To Link PAN And Aadhaar With Penalty Before March 31, 2023?
1 year, 9 months ago

How To Link PAN And Aadhaar With Penalty Before March 31, 2023?

News 18  

The deadline to link PAN with Aadhaar has been extended several times, however, the current deadline is March 31, 2023 and this time if you do not link your PAN with Aadhaar, your PAN will become invalid from April 01, 2023. It is mandatory to link your PAN with Aadhaar, in order to avail of certain key services, including filing …

Now, you need nominations for MF investments
2 years, 6 months ago

Now, you need nominations for MF investments

Live Mint  

The Securities and Exchange Board of India has mandated investors to either specify a nominee or explicitly opt-out of nomination for all mutual fund investments. What’s changed As per a recent Sebi circular, any new investor subscribing to an MF scheme from 1 August will either have to specify a nominee or submit a signed declaration to opt out of …

SEBI makes announcement-Those opening new trading and demat accounts would get option for nomination
3 years, 5 months ago

SEBI makes announcement-Those opening new trading and demat accounts would get option for nomination

ABP News  

New Delhi: Markets regulator SEBI on Friday said that from October 1, investors opening new trading and demat accounts will be given the option of nomination. In addition to this, SEBI declared that all existing eligible trading and demat account holders will have the option of nomination by March 31, 2022. The account holder would have to sign nomination and …

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