A WILL OR TESTAMENT IS A LEGAL DECLARATION BY WHICH A PERSON, THE TESTATOR, NAMES ONE OR MORE PERSONS TO MANAGE HIS/HER ESTATE AND PROVIDES FOR THE TRANSFER OF HIS/HER PROPERTY AT THE TIME OF DEATH
A WILL IS A STATEMENT MADE BY A TESTATOR IN THE WRITTEN FORM STATING THE MANNER IN WHICH HIS ESTATE/PROPERTY MUST BE DISTRIBUTED AFTER HIS DEATH.
A WILL CAN BE MADE BY ANYONE ABOVE 18 YEARS OF AGE IN INDIA.
A WILL IS NEEDED BECAUSE:
THE TESTATOR CAN DISPOSE OF HIS PROPERTY AS HE SEES FIT.
DISPOSITION OF THE PROPERTY CAN TAKE PLACE IN A MORE ORDERLY FASHION AND WILL RESULT IN LESSER CONFUSION.
HELPS FOCUS ON EQUITABLE DISTRIBUTION OF THE WEALTH ACCUMULATED DURING A LIFETIME.
PROVIDING FINANCIAL SECURITY FOR LOVED ONES;
MAKING GIFTS OF POSSESSIONS AND MONEY;
APPOINTING GUARDIANS FOR YOUR CHILDREN;
CHOOSING YOUR EXECUTORS;
AVOIDING INHERITANCE DISPUTES;
CREATING A LIFE INTEREST;
MAKING ARRANGEMENTS FOR YOUR PETS;
AVOIDING THE UNINTENDED CONSEQUENCES OF INTESTACY.
05 May 2016
SEBI : Attention Investors :
"Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .......... Issued in the interest of investors"
NSDL : Attention Investors :
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for
all debit and other important transactions
in your demat account directly from NSDL on the same day......................
issued in the interest of investors.
| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. | No need to issue cheques by investors while subscribing to IPO. Just write the bank account numbers and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account
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