Injunction order for restraining transfer of shares from the dp to the nominee who is not heir

Harshala (Querist) 10 June 2015 This query is : Resolved
Dear Sir,

my friend father died in 2014, he has nominated his sister as a nominee for his demat account. he has left his wife and his only son behind him. so can you suggest how to get an injunction order from the court and the said application need to be submitted in which court. he is resident of sion.

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Kumar Doab (Expert) 10 June 2015
In case of equity shares, nomination prevails.

Proceed further under expert advise of your able lawyer dealing in family/property/revenue/civil matters.

Rajendra K Goyal (Expert) 10 June 2015
Company may transfer the shares in the name of the nominee on application.

Consult local lawyer to proceed.

Kumar Doab (Expert) 10 June 2015
In case of equity shares, nomination prevails.

So on what grounds you would seek injunction?

Have you sought any legal opinion?

What is the advise of your lawyer?

Dr J C Vashista (Expert) 11 June 2015
Consult a local lawyer, however, the company has to transfer the share to a nominee on his/her application/intimation of death of account holder.

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