Regulation 29A - Nomination - Securities and Exchange Board of India (Mutual Funds) Regulations, 1996

1 [Nomination 29A. (1) The asset management company shall provide an option to the unitholder to nominate, 2 [ in the manner as may be specified from time to time ] , a person in whom the units held by him shall vest in the event of his death. 4 [ (2) The unitholder shall have an option to nominate, in the manner as may be specified, a person who shall be authorized to conduct transactions on behalf of the unitholder in the event of the incapacitation of the unitholder. ] 3 [ (3) ] 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. ] 5 [ (4) An asset management company or its registrar to an issue and share transfer agent shall not be liable for any action taken on the basis of nomination made by the unitholder. ] ************* NOTES:- 1 Inserted vide Notification No. S.O. 625(E) dated 11-06-2002 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/221 dated 16-12-2024 w.e.f. 16-12-2024 before it was read as, in the manner specified in Fourth Schedule 3. Re-Numbered vide Notification No. SEBI/LAD-NRO/GN/2024/221 dated 16-12-2024 w.e.f. 16-12-2024 before it was read as, (2) 4. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/221 dated 16-12-2024 w.e.f. 16-12-2024 5. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/221 dated 16-12-2024 w.e.f. 16-12-2024