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 Is A Home Loan? Meaning, Benefits & Importance

Owning a home is a dream for many individuals and families. However, the high cost of real estate often makes it challenging to fulfil this dream without financial assistance. This is where home loans...

KNOW MORE

February 5, 2024

Benefits Of Tax Saving Fixed Deposit (FD)

In the ever-evolving world of finance, finding the right investment avenue can be a daunting task. If you’re an Indian citizen looking to save taxes and secure your financial future, a tax savin...

KNOW MORE

February 2, 2024

What’s the difference between NSC and FD?

Two widely trusted investment options are Fixed Deposit (FD) and National Savings Certificate (NSC). Both are time-tested, come with low risk, and ensure steady returns for you in the long r...

KNOW MORE

June 30, 2023