How do I make a nomination with regard to my shareholding?
A.
You have to submit a nomination form (Form 2B) in duplicate, duly filled and signed. If the shares are held in joint names all the holders must sign the nomination form.
On receipt of the request for registration of nomination, the Company will register the same by allotting registration number. The duplicate copy of the nomination form will be returned with an endorsement indicating the registration number and date.
Q.
Do I have to send the share certificates along with the nomination form?
A.
No, only the details of the shares are required to be mentioned in the nomination form.
Q.
My shares are held in joint names. Are the joint holder/s nominees to the shares?
A.
No, they are joint owners.
Q.
Can a nomination once made be changed?
A.
Nomination once made can be revoked by a shareholder by giving a fresh nomination. If a new nomination is made, then the earlier one stands revoked. If joint holders make the nomination, and one of the joint holder dies, the remaining joint holder/s can make a fresh nomination.
Q.
What is the procedure for the nominee to get the share in his name?
A.
The nominee is required to send the following documents to get the shares transmitted to his name.
death certificate of the shareholder duly attested
original share certificates and
his proof of identification
Q.
Can the nominee sell the shares without registration in his favour? What is the procedure?
A.
No. The nominee should first get the shares transmitted in his name and only after that he is entitled to sell the shares.
Q.
I have shares in the demat form. Can I send the nomination form to the Company for making a nomination with respect to my shareholding?
A.
For making a nomination with respect to dematted shares, shareholders have to approach their respective DPs. 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.
