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
|

My shares are held in joint names. Are the joint holders nominees to the shares?

mahindra-finance-author

by Mahindra Finance

|

July 21, 2023

|

1 mins read

Joint holders are not nominees. They are joint holders of the relevant shares. In the event of death of any one of the joint holders, the surviving joint holder/s of the shares is/are the only person/persons recognized by the Company as the holders of the shares.

Related articles

What Is The 20/4/10/ Rule For Buying A Car?

Introduction to the 20/4/10 rule Buying a car is an exciting milestone in life, but it also comes with significant financial implications. To ensure sound financial well-being, it’s crucial to u...

KNOW MORE

April 17, 2024

What are hybrid funds?

What are mutual funds? Mutual funds are professionally managed funds that invest into multiple assets financial instruments such as stocks and bonds. Mutual funds usually charge a fee for holding...

KNOW MORE

June 30, 2023

Know How Your Credit Score Can Influence Your Insurance Premium

Have you ever wondered how your credit score affects your insurance premiums? Your credit score, also known as your CIBIL score, plays a significant role in determining the amount you pay for insuranc...

KNOW MORE

June 17, 2024