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Sebi asked asset management companies (AMCs), depository participants and Registrar and Transfer Agents (RTAs) to encourage the demat account holders and mutual fund unit holders to fulfil the requirement for nomination/opting out of nomination by sending a communication on fortnightly basis by way of emails and SMS to all such unit holders who are not in compliance with the requirement of nomination.

The deadline to nominate a beneficiary or opt out of it was to be submitted by December 31, 2023 previously.

Get latest articles and stories on Latest News at LatestLY. Markets regulator Sebi on Wednesday extended the deadline to June 30 next year for demat and mutual fund account holders to provide a nomination. Latest News | Sebi Extends Deadline to June 2024 to Add Nominees in Mutual Funds, Demat Accounts.

Markets regulator Securities and Exchange Board of India on Wednesday extended the deadline to June 30 next year for demat and mutual fund account holders to provide a nomination.

​Markets regulator Sebi on Wednesday extended the deadline to June 30 next year for demat and mutual fund account holders to provide a nomination. Earlier, the deadline to nominate a beneficiary or opt out of it by submitting a declaration form was December 31, 2023.