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

What are the different types of equity funds in India?

What are the different types of equity funds in India? Want to know more about the different types of equity funds and stocks you should invest in? Here’s a detailed guide to get you started on your...

KNOW MORE

June 30, 2023

What Is The Effective Yield In Fixed Deposits?

If you’re considering investing in a fixed deposit (FD), you’ve probably come across terms like “effective yield” and “annualised yield.” While the interest rate mentioned by banks...

KNOW MORE

March 1, 2024

Signing-a-personal-loan-with-a-co-signer

Signing A Personal Loan With A Co-Signer: Important Factors To Consider

Are you considering taking out a personal loan but worried about your credit score or approval? Well, signing for a personal loan with a cosigner might just be the solution you need. People opt for a ...

KNOW MORE

August 13, 2024