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JOINT DEMAT ACCOUNT
How to dematerialise and transfer physical share certificates to legal heirs?ET Wealth Reader's Query: I recently found several bonds and share certificates in physical form belonging to my late father. How can I get...- Sebi eases nomination rules for demat accounts, mutual funds. Check full detailsSEBI has relaxed nomination norms for demat accounts and mutual funds starting September 1, 2026. Nomination is mandatory for single holder...
- Claiming your inheritance by executing a Will: What legal heirs must know about nominees, probate and asset transfersExecuting a Will in India is often more complex than believed, involving numerous institutions and documentation hurdles. Nominees do not a...
- Informal ‘benami’ investments may now face confiscation; Supreme Court ruling puts family property deals under scannerWhere family arrangements are involved, they must comply with legal conditions, including joint ownership where required. Informal arrangem...
- NSE withholds rupees 78 crore payout after police complaint over unauthorised F&O tradesStock exchanges froze ₹78 crore in settlement payouts to over 3,000 clients across 160 brokers after a police complaint alleged unauthorise...
- Will registration at Rs 100 in Maharashtra: Why homeowners in cooperative societies, senior citizens should not delay estate planningA Will has always been optionally registrable under Section 18 of the Registration Act, 1908, and registration is not mandatory for validit...
- Vedanta demerger record date is May 1, but why is today the last date to buy?Vedanta's demerger record date is May 1, a market holiday, making April 29 the last day to buy shares for eligibility. Shareholders will re...
- My relative had a joint demat account: Can the nominee be changed after death?ET Wealth Reader's Query: A relative had a joint demat account with his wife, though all the investments were made by him. He had no childr...
- Sebi changes nomination rules for demat account, mutual fund investmentsThe number of nominees will now be increased from three to 10. Additionally, nominees will be permitted to act on behalf of incapacitated i...
- Process to open a minor’s demat accountThere are no minimum age criteria for opening a demat account in the name of the minor. However, it needs to be opened with a parent or gua...
- Step by step guide for converting physical mutual fund units to demat account online, offline and vice versaAn individual may choose to convert their physical mutual fund units held through statement of account (SOA) mode to dematerialise mode onl...
- Mutual fund nomination deadline extended to this dateIf the deadline for giving MF nominations hadn’t been extended the investor’s folio would have gotten frozen for debits.
- Your Demat, MF investments might be frozen if nominated details are not updated by Sept 30On June 15, 2022, Sebi made the nomination mandatory for the existing mutual fund folios, including the jointly held ones by August 1, 2022...
- Demat account will be frozen for debits if nomination is not done by this dateExisting investors do not need to submit the nomination information again if they have already provided it.
- These LIC policyholders can't apply for discounted IPO sharesMany policyholders may be interested in applying for allotment in the IPO. However, not all LIC policyholders will be eligible to apply via...
- Can joint LIC policyholders apply for discounted IPO shares?Individual applications cannot be made by both beneficiaries of the demat account. Application can be made only in the name of the first/pr...
- What is the tax efficient way to distribute my wealth equally to my children without Will?The shares held jointly can be transferred from the joint demat account to a new demat account in the individual name, appointing both the ...
- How to open demat account in the name of a minorDemat accounts can be opened in the name of a minor child only by the natural guardian or parents or the court-appointed guardians.
- How securities are transmitted on death of demat account holderIn case a single demat account holder dies leaving a nominee, the procedure for transmission of securities is simple.
- Know all about transposition-cum-demat facilityChanging the order of names in which a security is held is called transposition. Sometimes, a shareholder owns physical certificates jointl...
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