NSDL
Guardian

I have a demat account jointly with my wife and I have nominited our minor child. My dp says, holders (parents) cannot act as a guardian and instructed us to appiont to third party duly fill up a from.

According to Guardianship Act, the guardian should be the parents and then POA appionted guardian and or Will appionted guardian etc. This is the Rule. If I appionted some third party, is it safe for us and our child?

How can my DP instruct us to change the guardian? Is there any Bye-Laws, Rules or circular issued by NSDL? Whether NSDL are aware of the Rules?

kindly explain in details.

thanks

Murali