SEBI circular on Nomination-Changes with immediate effect--14/6

The last date to add a nominee in Mutual Fund investments is ______.

• 31st June 2024

• 
  29th June 2024

• 31st July 2024

• 
  30th June 2024

Non-submission of ‘choice of nomination’ shall not result in freezing of Demat Accounts as well as Mutual Fund Folios.

• TRUE

• FALSE

Total Number of nominees to be added in a folio, in case of nominee Opt- Out

• 1

• 2

• 0

• 3

For ensuring smooth transmission of securities held by investors as well as to prevent accumulation of unclaimed assets in securities market, ____ needs to be done.

• Redemption

• Transmission

• Appointing MFD

• Choice of Nomination

Investors those who have not made a 'choice of nomination' shall receive such pop-ups to encourage choice of nomination w.e.f. _____.

• June 30, 2024

• October 01, 2024.

• October 30, 2024.

• December 30, 2024.

• Nomination can also be in favour of the Central Government, State Government, a local authority, any person designated by virtue of his office or a religious or charitable trust.

• TRUE

• FALSE

In case of multiple nominees, the percentage of the allocation/share should be in _____ without any decimals, adding upto a total of 100%.

• NIL

• whole numbers

• Plurals

• Synonyms

Payments including dividend, interest or redemption payment withheld presently by the Listed Companies/RTAs, only for ______ reason shall be processed accordingly.

• 
  Aadhar - PAN seeding

• Changing the default bank account

• 
  Choice of nomination

• KYC Validation

Nomination is not allowed in a folio of a Minor unitholder

• TRUE

• FALSE

The Nominee shall not be a trust (other than a religious or charitable trust), society, body corporate, partnership firm, Karta of Hindu Undivided Family, or a Power of Attorney holder.

• TRUE

• FALSE