CLL_Art1594 - Taxpublishers.in

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The Tax Publishers Companies Act, 2013--Nominee of Security Nominee of Security--Recent Judicial Decision CA. Deepak Harwani In the present article, the learned author discusses about the recent judgment delivered by the Supreme Court in the case of 'Shakti Yezdani & Anr. v. Jayanand Jayant Salgaonkar and Ors.', in respect of nomination of the securities. The judgment was handed down by the Supreme Court stating the rights of the nominee with respect to securities along with clarifying the legal entitlement of the security in case of death of testator. 1. Background The succession in case of any Will is determined either by the owner or as per the Indian Succession Act. Further, the transfer of the securities is dealt by the Companies Act, 2013 and Depositories Act, 1996. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Companies Act, 2013--Nominee of Security

Nominee of Security--Recent Judicial Decision

CA. Deepak Harwani

In the present article, the learned author discusses about the recent judgment delivered by the Supreme Court in the case of 'Shakti Yezdani & Anr. v. Jayanand Jayant Salgaonkar and Ors.', in respect of nomination of the securities. The judgment was handed down by the Supreme Court stating the rights of the nominee with respect to securities along with clarifying the legal entitlement of the security in case of death of testator.

1. Background

The succession in case of any Will is determined either by the owner or as per the Indian Succession Act. Further, the transfer of the securities is dealt by the Companies Act, 2013 and Depositories Act, 1996.