Supreme Court’s Verdict on Nominee vs. Succession in Shares
The Supreme Court, in a significant ruling, has clarified the extent of rights a nominee possesses over shares and securities after the shareholder’s death. In the case of Shakti Yezdani & Anr. vs. Jayanand Jayant Salgaonkar & Ors., the Court addressed the contentious issue of whether a nominee becomes the absolute owner of shares or …
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