Home Acts & Rules SEBI Regulation Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 Chapters List Chapter V SCHEMES OF MUTUAL FUND This
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Regulation 29A - Nomination - Securities and Exchange Board of India (Mutual Funds) Regulations, 1996Extract 1 [Nomination 29A. (1) The asset management company shall provide an option to the unitholder to nominate, in the manner specified in Fourth Schedule, a person in whom the units held by him shall vest in the event of his death. (2) Where the units are held by more than one person jointly, the joint unitholders may together nominate a person in whom all the rights in the units shall vest in the event of death of all the joint unitholders. ] ********** 1 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2002, w.e.f. 11-6-2002.
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