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

Factors-That-Influence-Home-Loan-Interest-Rates

What Are Factors That Influence Home Loan Interest Rates

Owning a dream home is no longer a distant dream with the availability of home loans. However, understanding and managing the financial aspects of a home loan can be overwhelming, especially when it c...

KNOW MORE

August 14, 2024

Fixed Deposits For Millennials: Building Financial Stability Early

As a millennial, you’re navigating a vast array of long-term investment plans to secure your financial future. While seeking higher returns is important, it’s equally crucial to balance yo...

KNOW MORE

February 23, 2024

How Much Home Loan Can You Get Based On Your Salary?

Are you planning to buy a home and wondering how much home loan can I get? Banks and financial institutions determine your eligibility for a home loan based on yoursalary. But how much home loan can y...

KNOW MORE

April 18, 2024