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
|

Who can appoint a nominee and who can be appointed as a nominee?

mahindra-finance-author

by Mahindra Finance

|

July 21, 2023

|

1 mins read

Individual shareholders holding the shares / debentures in single name or joint names can appoint a nominee. In case of joint holding, joint holders together have to appoint the nominee. An individual having capacity to contract only can be appointed as a nominee. Minor(s) can, however, be appointed as a nominee provided the legal guardian is available.

Related articles

TDS on FD Interest – How Much Tax Is Deducted On Fixed Deposit (FD)

In the intricate world of finance, fixed deposits (FDs) stand as havens for risk-averse investors seeking guaranteed returns and steady growth. But even these havens are not immune to the clutches of ...

KNOW MORE

February 5, 2024

Tax Saving FDs For Short-Term Goals: A Strategic Approach

When it comes to achieving short-term financial goals, finding the right investment strategy can often be challenging. However, Tax Saving Fixed Deposits (FDs) offer a convenient avenue for minimising...

KNOW MORE

May 23, 2024

The-Connection-Between-Credit-Score-and-Credit-Card-Interest-Rates

The Connection Between Credit Score And Credit Card Interest Rates

Your credit score is a reflection of your credit history and financial behaviour. It’s typically calculated based on factors such as payment history, credit utilization, length of credit history...

KNOW MORE

July 10, 2024