login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

What is nomination facility and to whom is it more useful?

mahindra-finance-author

by Mahindra Finance

|

July 21, 2023

|

1 mins read

Section 72 of the Companies Act, 2013 provides the facility of nomination to shareholders. This facility is mainly useful for individuals holding shares in sole name. In the case of joint holding of shares by individuals, nomination will be effective only in the event of death of all joint holders.

Related articles

Overcome Top 5 Challenges Of MSME Loans In India

Running a micro, small, or medium enterprise (MSME) in India comes with its fair share of challenges. While these businesses contribute significantly to the country’s economy, accessing timely f...

KNOW MORE

April 10, 2024

What-Is-The-Monthly-Interest-On-Rs-30-Lakh-Fixed-Deposit

What Is The Monthly Interest On Rs 30 Lakh Fixed Deposit?

Are you considering investing in a fixed deposit (FD) of Rs 30 lakh and wondering how much interest you can earn on this investment monthly?  Fixed deposits are a popular choice for secure and st...

KNOW MORE

August 26, 2024

Credit Card Against FD (fixed deposit) How To Get An FD Credit Card

Are you looking to get a credit card but worried about your lack of credit history? Don’t fret! There’s a solution that can help you secure a credit card even without a credit score. It...

KNOW MORE

April 25, 2024