Get Nomination Form - Stock Holding

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.