Who can be a nominee?
Only an individual can be a nominee. A nominee shall not be a society, trust, body corporate, partnership firm, Karta of Hindu Undivided Family or a power of attorney holder.
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1 comment so far
[...] need of is in need of fresh capital to finance its growth and wishes to raise it from the existing shareholders of the company, it issues ‘rights shares’. Rights shares are shares allotted to the company’s [...]
July 11th, 2008 at 5:13 pm
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