India’s capital markets regulator, the Securities and Exchange Board of India (Sebi), has partnered with cloud-based security platform DigiLocker to help reduce unclaimed assets and help investors securely manage their digital documents, according to a post by NSE on the social media platform X. Sebi‘s move to collaborate with DigiLocker comes as the regulator aims…
In the complex world of asset distribution, the rights of nominees, particularly in life insurance policies, have been a subject of ongoing legal debate. Traditionally, nominees have been regarded as trustees, holding the proceeds of an insurance policy temporarily for the rightful legal heirs. However, a significant shift occurred with the 2015 amendment to the…
To address such scenarios, the Securities and Exchange Board of India (Sebi) has rolled out revamped rules that allow nominees to manage the accounts of physically incapacitated investors without requiring a power of attorney (POA). Announced on 10 January, these rules aim to provide families with a financial safety net. However, experts warn of limitations…
