Nominee sharehilder

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Surya Prabha

Surya Prabha (Querist)
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15 March 2012 Hi Experts,

How to appoint a nominee shareholder.

Regards,
Surya Prabha

Ajay Mishra

Ajay Mishra (Expert)
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15 March 2012 Hi

Only individuals can use nomination facility. Non-individual members or debentureholders like body corporate, trust, society, HUF-Karta, power of attorney holder, etc., cannot nominate. Where the shares or debentures of a company are held by more than one person jointly, the jointholders may together nominate a person to whom the shares or debentures shall vest in the event of death of all the joint holders. Form 2B itself states that it is to be filled in by individual applying singly or jointly, if jointly, only up to two persons.

For making nomination of a person, Form 2B is required to be filled in and sent to the concerned company for the purpose of making nomination in respect of shares/debentures held by him in the company. Form 2B is to be signed jointly in case of jointholders.

In case if the nominee is a minor, the name of a person shall be given who shall be entitled to hold the shares/debentures on the death of the holder but up to the minority of the nominee.

The company shall verify the particulars stated in Form 2B and if everything is found in order the company will register the nomination. It will also intimate to the concerned holder about registration of his/her nomination. The company shall allot nomination registration number to the shareholder.

Regards

Ajay Mishra

Ajay Mishra (Expert)
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15 March 2012 Hi

If you are talking about nominee under section 187C of the Companies Act, 1956:

Go to the following link:

https://www.advocatekhoj.com/library/rules/companiesdeclaration/index.php?Title=Companies%20%20%20(Declaration%20of%20Beneficial%20Interest%20in%20Shares)%20Rules,%201975

Regards

Jiten Gupta

Jiten Gupta (Expert)
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16 March 2012 Agree with expert!!

Ajay Mishra

Ajay Mishra (Expert)
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16 March 2012 Hi

If you are complying the provision of section 187C then return in Form22B along with Form-I and Form-II as attachment is required to be file with in 30 days from the date of declaration.

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