Who is a nominee
A nominee is the person recorded in the shareholder's investment records for claim-handling after death, subject to the applicable process and documentation.
Who is a legal heir
A legal heir derives rights through succession or family law, which may require additional proof beyond what is recorded in the investment itself.
Why the difference matters
The claimant route, required documents, and time involved can differ significantly depending on whether the case is nomination-based or succession-based.
Detailed FAQs
Can a nominee and a legal heir both be relevant in the same case?
Yes. In practice, both may become relevant depending on the company process, succession structure, and dispute-free status of the holding.
Does a nominee automatically eliminate all succession issues?
Not always. The practical claim route may still require supporting papers depending on the holding and company process.
Is this distinction important for IEPF claims too?
Yes. In deceased shareholder cases, IEPF recovery often overlaps with nominee or heir-related documentation.
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