This article analyses SEBI's circular dated June 10, 2024, which notifies important decisions for existing and new investors. Demat and mutual fund accounts will no longer be frozen due to the non-submission of nominations. Also, listed companies/RTAs are prohibited from withholding payments due to a lack of nominations. The write-up covers the following key aspects:
‣ SEBI's key decisions for existing investors/unitholders
‣ Mandatory nomination choices for new investors
‣ Encouraging nomination choices for the smooth transmission of securities
‣ Email reminders from DPs and AMCs for nomination updates
‣ Pop-up reminders for existing investors to submit nominations
‣ Conclusion
