Companies Act, 2013

Section 187

Nomination by shareholders

⚡ Quick Answer Reference: Section 187 Companies Act

Provision: Section 187 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 187 of Companies Act say?

Every shareholder of a company shall have the right to nominate one person to receive the shares standing in his name in the event of his death, and the nominee shall, on the death of the shareholder, be entitled to receive the shares standing in the name of the shareholder.

Indian StandardSection 187, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 187 (India)

Court Pleading StandardSection 187 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 187 Companies Act

What is Section 187 of Companies Act?

Section 187 of the Companies Act, 2013 (Companies Act) defines and regulates "Nomination by shareholders". The section states: Every shareholder of a company shall have the right to nominate one person to receive the shares standing in his name in the event of his death, and the nominee shall, on the death...

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