Upon transfer of shares or debentures or repayment / renewal of deposits, nomination stands rescinded. Do further acquisition of shares under a given Folio get covered by the nomination ?
A shareholder is required to fill in the distinctive numbers of shares on Form 2B and the shares covered by these distinctive shall be transmitted to the nominee in the event of death of the shareholder. For any further acquisition of shares of the Company, the shareholders will have to extend the nomination to the additional shares by filling in the necessary Form 2B as the existing nomination does not automatically cover the additional shares. To ensure that the nomination is valid, the shareholders need to make specific mention of all distinctive numbers.
Related Questions
- Upon transfer of shares or debentures or repayment / renewal of deposits, nomination stands rescinded. Do further acquisition of shares under a given Folio get covered by the nomination ?
- Following the capital repayment what was the acquisition cost of both the New Ordinary and B shares?
- What is the effect of nomination upon transfer of shares?
