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What is the effect of death of one of the joint holders on nomination?

April 26, 2017death HOLDERS Joint nomination

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What is the effect of death of one of the joint holders on nomination?

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In the event of death of one of the joint holders, the shares get transmitted in the name of the surviving holder. The death of one of the joint holders does not rescind the nomination. Nominee will have title to the shares/debentures/deposits only on the death of all the joint holders.