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

mahindra-finance-author

by Mahindra Finance

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July 21, 2023

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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.

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