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of <h1>Security Holders Can Nominate Inheritors for Securities Under Section 72 of Companies Act, 2013</h1> Section 72 of the Companies Act, 2013 allows security holders of a company to nominate a person to inherit their securities upon their death. Joint holders can also nominate a person to inherit securities if all joint holders die. This nomination takes precedence over other legal dispositions, granting the nominee exclusive rights to the securities unless the nomination is changed or revoked. If the nominee is a minor, the security holder can appoint another person to receive the securities if the nominee dies during minority.
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