FAQS

A. To make a nomination, please submit a duly filled in and signed nomination form in duplicate. If you hold shares along with other holders, then all holders are required to sign the nomination form.
After the company receives the form and finds it in order, a registration number will be allotted to the nomination. A duplicate copy of the nomination form submitted by you will then be returned to you with an endorsement indicating the registration number and date.
Nomination can be made only in respect of shares held in the physical form. In case of dematted shares, your nomination has to be recorded with your Depository Participant.
Multiple Nominations can be recorded for each folio i.e. they can nominate single person (nominee) for some particular distinctive shares and another person ( second nominee) for other / remaining shares and so on.

A. It is not necessary to send your share certificate for single nominations. However, for multiple nominations, you may have to surrender the share certificate(s), since this would enable us to split the certificates with separate folio accounts for the respective nominations for identification. We will return the certificates after completion of this process.

A. Joint holders are not nominees. They are joint holders of the relevant shares and possess joint rights on the same. 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 recognised by the company as the holders of the shares.

A. A nomination once made can be revoked by submitting a fresh nomination. If the nomination is made by joint holders, and one of the joint-holders dies, the surviving joint holder/s can make a fresh nomination by revoking the existing nomination.

A. Upon the death of a shareholder, the nominee, to the exclusion of any other legal heir/beneficiary, is the only person in whom the shares vest. In other words, in case of a valid nomination, the company will not entertain any claim from legal heirs or beneficiaries and the shares will be transmitted only in favour of the Nominee.
In case the nomination is made by joint-holders, it will come into play only upon the death of all the joint holders. Therefore if one of the joint shareholders dies, the shares will devolve on the surviving shareholders to the exclusion of the nominee. In this case, the surviving shareholders may make a fresh nomination if they so desire.

A. Upon the death of a shareholder, the nominee is entitled to have the shares transmitted in his favour. He/she is required to submit a notice in writing to this effect along with the share certificate(s) of the deceased shareholders. Alternatively, the nominee can transfer the shares held by the deceased shareholder to a third party.
If a nominee opts for registration of shares in his name, he is required to produce proof of identity, e.g. copy of passport, driving license, voter's identity card or such other proof to the satisfaction of the company. The nominee should also submit a duly attested specimen signature along with a request for transfer.
Upon scrutiny of the documents submitted by the nominee, shares will be transmitted in his favour and share certificates will returned to him duly endorsed.

A. Yes, a nominee can sell the shares to a third party, without registration of shares in his favour. However, the usual procedure for transfer of shares will have to be followed.

A. For making a nomination with respect to dematted shares, you will have to approach your DP. In the account opening form provided by the Depository Participants, there is a provision for providing the name of the nominee. Please consult your Depository Participant for further details