nomination in demat a/c
This query is : Resolved
CHANDRAKANT R DEDHIA
(Querist)
10 June 2009
SEBI has recently issued a circular stating that the registration of the nominee in a demat a/c is compulsion. Now incase a nomination is done in an account prior to the issue of the above referred circular by SEBI & occurrence of death of the account holder can the nomination done earlier be invoked(i.e. held valid)?
CA. B.SRINIVASULU
(Expert)
10 June 2009
Yes. The nomination is valid.
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