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

What Is A Fixed Deposit Sweep-In Facility & How Does It Work?

If you’re looking to grow your savings while still having access to funds in case of an emergency, then a fixed deposit (FD) sweep-in facility could be the solution for you. While traditional fi...

KNOW MORE

May 13, 2024

Why Is An NBFC Personal Loan Better Than Bank Loan

In today’s fast-paced world, financial needs can arise at any moment. Whether it’s for a medical emergency, home renovation, or a dream vacation, personal loans have become a popular choic...

KNOW MORE

February 5, 2024

How To Save Tax On FD Interest?

Are you looking for ways to save tax on FD interest? You’re not alone. Many individuals are eager to reduce their tax liabilities and maximise their savings. In this guide, we will explore pract...

KNOW MORE

March 5, 2024