10-09-2009, 07:51 PM
Dears,
If a person has nominated two nominees during its life by mistake or otherwise for a bank account and shares held in CDC account then what would be the legal consequances of death of that person.
Is the nomination process is in accordance with the conjunctions of ISLAM if a person nominates his father or brother as his nominees instead of his children?
Transmission of shares is discussed in Section 79,80,81 and CDC Act, 1997.
Please state what the legal documentation would be required for a company to transmit shares of deceased member.
Regards,
*
If a person has nominated two nominees during its life by mistake or otherwise for a bank account and shares held in CDC account then what would be the legal consequances of death of that person.
Is the nomination process is in accordance with the conjunctions of ISLAM if a person nominates his father or brother as his nominees instead of his children?
Transmission of shares is discussed in Section 79,80,81 and CDC Act, 1997.
Please state what the legal documentation would be required for a company to transmit shares of deceased member.
Regards,
*
