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

Why Is It Important To Go With The Portfolio Method Of Investing?

Most investors choose to invest in a single type of fund. It could be mutual funds, SIP, debt, equity, or something else. However, portfolio investment allows you to choose various options to invest i...

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

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