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Share Certificate - Form SH 13 | Download Free Template
Team Lawyered
1. What is Form SH 13 ?
Form SH 13 is used to nominate the name of the person who shall become the owner of the securities of the company in the event of death of the shareholder. Non-individuals including Society, Trust, Body Corporate, Partnership Firm, Karta of Hindu Undivided Family and Power of Attorney holder cannot nominate or be nominated . As per sub section (3) of section 72 of Companies Act, 2013, if the shares are held by more than one person jointly, the joint holders may together nominate a person to whom all the rights in the shares of the Company shall vest, in the event of death of all the joint holders.
2. Why is it Important ?
This form is used to nominate the name of the person with whom all the right title and interest in the shares shall lie in the event of death of the original shareholders.
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Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.