Can a holder of partly paid shares make nomination ?
Nomination can be made on partly paid-up shares/debentures. However, if at the time of demise of the share/debenture holder there are any calls in arrears, then the nominee would be subjected to the same rights and liabilities as the original share/debenture holder and the Board by virtue of Section 109B(2) will have discretion to register the shares/debentures in favour of the nominee.
Related Questions
- For Funds that will decrease their trail payments from 100bps to 90bps, which amount will be paid for shares purchased prior to the change?
- For Funds that will increase their trail payments from 90bps to 100bps, which amount will be paid for shares purchased prior to the change?
- Can a holder of partly paid shares / debentures make nominations?
