What is the advantage of making a nomination?
Notwithstanding anything contained in any other law or any testamentary disposition or otherwise, in respect of the shares or debentures, where a nomination has been made in accordance with the Companies Act, 1956, the nominee on the death of the shareholder/debenture holder/deposit holder of Hero Honda Motors Limited as the case may be on the death of all the joint holders shall become entitled to the rights in the shares or debentures or deposits of Hero Honda Motors Limited, as the case may be, in relation to such shares or debentures of Hero Honda Motors Limited, to the exclusion of all other persons unless the nomination is revoked before such exercise.
