Photo of Alena Jamal

Associate in the General Corporate Practice at the Mumbai office of Cyril Amarchand Mangaldas. Alena can be reached at alena.jamal@cyrilshroff.com

Nomination v. Succession – SC Finally Settles the Debate

Historical Background

The longstanding debate on the conflict between the rights of nominees and legal heirs over the devolution of shares has always been the cause of much controversy and confusion despite the settled legal position holding the legal heir as the ultimate rightful owner of the property. A nominee can act only as a