Krishnaiah Krishnsiah 21 October 2021
Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 21 October 2021
The process of appointing a person to take care of the assets in the event of the investor's demise is called Nomination. The nominee can be any family member of the investor – spouse, child, a friend or any other trustworthy person.
In first case co-owner gets ownership of units of M.F. in case of nominee is absent
in second case legal heir certificate has to produce by legal heirs of unit holder of M.F.
Dr J C Vashista (Lawyer) 22 October 2021
The facts posted are vague and confusing as to whether the unit holder or nominee died ?
2. When unitholder died without registeration of a nominee LRs of deceased (unitholder) shall have to seek succession from competent court.
P. Venu (Advocate) 28 October 2021
Yes, the facts posted are vague and confusing. Please post complete facts.