What Is Nominee In Stock Market
What Is Nominee In Stock/Share Market What Is Nominee What Is Nominee In Share Market In simple words Nomination is a process of giving your rights or , property or asset, any other financial instruments to a person which is belongs to you or close to you (family), after you or your death in future. In share market if you register nominee then your shares will be given to your nominee person ( if that is one person ) or if they are multiple then it is distributed equally in them. Whom Can You Nominee You can nominee to any one from your family ( father, mother, brother, sister, your son or daughter ) or other peoples also who are close to you or who you thinks that they are able to take responsibility of your assets after you. You can make nominee to multiple persons ( upto 3 ) but then you need to set or declare percentage for each person clearly in form otherwise it will equally distributed among in all. Wha...