The Delhi High Court has clarified the legal standing of nominees under the Companies Act, 2013, ruling that a nomination does not grant absolute ownership of shares or override the statutory laws of succession. The court held that the “vesting” of securities in a nominee is a provisional arrangement intended to facilitate legal formalities until
Nomination Under Companies Act Not a ‘Will’; Son Remains Class-I Heir, Entitled to Share in Deceased’s Estate: Delhi HC
