Where family arrangements are involved, they must comply with legal conditions, including joint ownership where required. Informal arrangem...

Stock exchanges froze ₹78 crore in settlement payouts to over 3,000 clients across 160 brokers after a police complaint alleged unauthorise...

A Will has always been optionally registrable under Section 18 of the Registration Act, 1908, and registration is not mandatory for validit...

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...

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...

The number of nominees will now be increased from three to 10. Additionally, nominees will be permitted to act on behalf of incapacitated i...

There 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...

An individual may choose to convert their physical mutual fund units held through statement of account (SOA) mode to dematerialise mode onl...

If the deadline for giving MF nominations hadn’t been extended the investor’s folio would have gotten frozen for debits.

On June 15, 2022, Sebi made the nomination mandatory for the existing mutual fund folios, including the jointly held ones by August 1, 2022...

Existing investors do not need to submit the nomination information again if they have already provided it.

Many policyholders may be interested in applying for allotment in the IPO. However, not all LIC policyholders will be eligible to apply via...

Individual applications cannot be made by both beneficiaries of the demat account. Application can be made only in the name of the first/pr...

The shares held jointly can be transferred from the joint demat account to a new demat account in the individual name, appointing both the ...

Demat accounts can be opened in the name of a minor child only by the natural guardian or parents or the court-appointed guardians.

In case a single demat account holder dies leaving a nominee, the procedure for transmission of securities is simple.

Changing the order of names in which a security is held is called transposition. Sometimes, a shareholder owns physical certificates jointl...