New Delhi, March 17 -- India's capital market regulator, Securities and Exchange Board of India (SEBI), on 17 March, issued a consultation paper on modified norms for the nomination in demat accounts and mutual fund folios, seeking comments from the public.

SEBI said the consultation paper seeks public suggestions to "modify the circular on 'Revise and revamp Nomination Facilities in the Indian Securities Market', issued on January 10, 2025, to enhance the ease of investor onboarding and ease the nomination process by aligning with the banking norms on nomination."

Last year in January, the market regulator issued a detailed circular, outlining the revised nomination facilities, allowing single-holding investors to authorise one nominee...