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Annexure 3.2 Nomination Form To, Stock Holding Corporation Of India Ltd. Dear Sir/ Madam, I/We the sole holder / Joint holders / Guardian (in case of minor) hereby declare that: I/We do not wish to.

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They are the registered owner of shares in that their name appears on the public register of members. But they do not stand to benefit from it. Only the real shareholder can dispose of the shares, draw dividends on them, exercise voting rights and gain any other benefits associated with their ownership.

The nomination made through Form No. SH-13 will be considered valid if the nomination made by the holder[s] of the shares is registered with the company before the death of the registered holder[s] of the shares.

Rights of a nominee Legally put, a nominee does not get an interest, title or ownership in assets of the nominators. After the death of a person, all their assets—-including the fund in his various bank accounts, PF account, PPF account, FDs, RDs, etc. —go to their legal heirs.

A nominee shareholder acts as a legal, unrelated, third party, who is officially registered as the holder of shares on behalf of the actual shareholder.

certificate for transmission of securities. The surviving holders can open a demat account or request transmission to an existing account. If the nomination was registered, the nominee can apply for transmission of securities by submitting the form along with a certified copy of the death certificate to the DP.

Upload an ID proof of the nominee. Once the documents are uploaded, enter the 'Nominee share in %' you want to give to that nominee. You also have the option to add up to 3 nominees to your account. For an underage nominee, you'll need to add guardian details too.

Upon death of a shareholder, the nominee is entitled to have the shares transmitted in his favour. She/he will have to give a notice in writing to this effect along with the share certificate(s) of the deceased shareholders.

A disadvantage of nominee shareholders is that it involves time and cost to register and maintain details. For the company and the government, it is often difficult to identify the beneficial owner of the shares to be held personally liable for benefits attached to the shares.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232