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TMI BlogSecurities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2002X X X X Extracts X X X X X X X X Extracts X X X X ..... te. 3. In Chapter V, after regulation 29, a new regulation 29A shall be inserted as follows - "Nomination 29A.(1) The asset management company shall provide an option to the unit holder to nominate, in the manner as 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 unit holders may together nominate a person in whom all the rights in the units vest in the event of death of all joint unit holders." 4. In Fourth Schedule, a. after item vii), a new item shall be inserted as follows "vii-a) the asset management company shall provide an option of nomination to the unit holders in terms of regulation 29A, in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... p;……………………………………………………………………………………………………………………. …………………………………………………………………………………………………………………………………& ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ;………………………………. Date:………………………………………………………………… 2) Signature:…………………………………………………………… Name:………………………………………………………………… Address:………&hell ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion can be made only by those individuals who hold units on their own behalf singly or jointly and who made the original nomination. 7. On cancellation of the nomination, the nomination shall stand rescinded and the asset management company shall not be under any obligation to transfer the units in favour of the Nominee." [F.No. SEBI/LGL/10236/2002] G. N. BAJPAI, Chairman Foot Note: 1. The principal regulation, SEBI (Mutual Funds) Regulations, 1996, was issued under S.O. No. 856(E), dated December 9, 1996 published in the Gazette of India, Part II, Section 3(ii), dated December 9, 1996. 2. SEBI (Mutual Funds) Regulations, 1996 were subsequently amended- (a) On April 15, 1997 by SEBI (Mutual Funds) (Amendment) Regulations, 1997 vide S ..... X X X X Extracts X X X X X X X X Extracts X X X X
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