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What does SEBI's recent extension of the deadline for submitting nomination details in Demat accounts aim to achieve?
  • a)
    To eliminate the need for Demat accounts for mutual fund holders.
  • b)
    To increase the processing fee for nomination submissions.
  • c)
    To ensure assets held in Demat accounts are transferred to the rightful beneficiaries in case of the account holder's passing.
  • d)
    To restrict new Demat account registrations.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What does SEBI's recent extension of the deadline for submitting nomin...
SEBI has extended the deadline for submitting nomination details in Demat accounts until December 31, 2023, to ensure that the assets held in Demat accounts are transferred to the rightful beneficiaries in the event of the account holder's passing. This is an important step in enhancing investor protection.
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What does SEBI's recent extension of the deadline for submitting nomination details in Demat accounts aim to achieve?a)To eliminate the need for Demat accounts for mutual fund holders.b)To increase the processing fee for nomination submissions.c)To ensure assets held in Demat accounts are transferred to the rightful beneficiaries in case of the account holder's passing.d)To restrict new Demat account registrations.Correct answer is option 'C'. Can you explain this answer?
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What does SEBI's recent extension of the deadline for submitting nomination details in Demat accounts aim to achieve?a)To eliminate the need for Demat accounts for mutual fund holders.b)To increase the processing fee for nomination submissions.c)To ensure assets held in Demat accounts are transferred to the rightful beneficiaries in case of the account holder's passing.d)To restrict new Demat account registrations.Correct answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about What does SEBI's recent extension of the deadline for submitting nomination details in Demat accounts aim to achieve?a)To eliminate the need for Demat accounts for mutual fund holders.b)To increase the processing fee for nomination submissions.c)To ensure assets held in Demat accounts are transferred to the rightful beneficiaries in case of the account holder's passing.d)To restrict new Demat account registrations.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does SEBI's recent extension of the deadline for submitting nomination details in Demat accounts aim to achieve?a)To eliminate the need for Demat accounts for mutual fund holders.b)To increase the processing fee for nomination submissions.c)To ensure assets held in Demat accounts are transferred to the rightful beneficiaries in case of the account holder's passing.d)To restrict new Demat account registrations.Correct answer is option 'C'. Can you explain this answer?.
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