Nomination in shareholding: prescribed form and eligibility rules govern nominee designation and company discharge. The amendment prescribes Form 2B as the mandatory nomination form, limiting nominations to individuals holding or applying for shares/debentures (singly or jointly up to two persons), requiring nominee particulars and guardian details for minors, excluding non-individual nominators and nominees, and making transfer or repayment to a nominee a valid company discharge. It also prescribes Form 4A as the declaration of solvency for buy-back, requiring directors to affirm the company's ability to meet liabilities for one year, attach a detailed assets and liabilities statement (Annexure I), confirm up to date audited accounts filing, and verify the declaration before an authorized officer.