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

mahindra-finance-author

by Mahindra Finance

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July 21, 2023

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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.

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