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Jayanta Bandyopadhyay   22 March 2023

Guardian other than parents for minor nominee

As parents jointly nominate minor and there is a requirement of guardian, who else could be nominated as Guardian. As parents will not be there and Then only problem arises. Any SEBI Circular for Mutual Fund?


 3 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     23 March 2023

The guidelines of SEBI have specifically mentioned who can and cannot be a nominee for the mutual fund units. A nominee can be any person including a minor who may or may not be a relative or a legal heir. In case the nominee is a minor, details regarding the name and address of their guardian need to be provided.

T. Kalaiselvan, Advocate (Advocate)     23 March 2023

Any elderly person of the famly can be appointed as guardian to the minor nominee

Jayanta Bandyopadhyay   23 March 2023

Kindly mention sebi circular ref

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