My grandfather made my cousin nominee in his demat share saving account and after my grandfather death my cousin claims he is the only one to keep the shares with him instead of dividing among other family members. As to my knowledge my cousin is not nominee in the trading or demat account as it shows nomination not registered but for the demat saving account it shows his name. Please guide me in what steps to be taken and is it true that he is the only one to keep all the shares with him and excluding other people and me.
May I know what is demat savings account?
It is an NRE saving account in AXIS Bank it was open prior to demat my grandfather physical shares. As to my knowledge there are 2 accounts 1 is saving account in which my cousin is nominee in it and in another trading account it shows nominee unregistered.
It is an NRE saving account in AXIS Bank it was open prior to demat my grandfather physical shares. As to my knowledge there are 2 accounts 1 is saving account in which my cousin is nominee in it and in another trading account it shows nominee unregistered.