law: Companies Act, 2013 
  72.
  
    Power
  
  to nominate.
  1.      Every holder of
  
  securities of a company may, at any time, nominate, in the prescribed manner,
  
  any person to whom his securities shall vest in the event of his death.
  2.      Where the securities
  
  of a company are held by more than one person jointly, the joint holders may
  
  together nominate, in the prescribed manner, any person to whom all the rights
  
  in the securities shall vest in the event of death of all the joint holders.
  3.      Notwithstanding
  
  anything contained in any other law for the time being in force or in any
  
  disposition, whether testamentary or otherwise, in respect of the securities of
  
  a company, where a nomination made in the prescribed manner purports to confer
  
  on any person the right to vest the securities of the company, the nominee
  
  shall, on the death of the holder of securities or, as the case may be, on the
  
  death of the joint holders, become entitled to all the rights in the
  
  securities, of the holder or, as the case may be, of all the joint holders, in
  
  relation to such securities, to the exclusion of all other persons, unless the
  
  nomination is varied or cancelled in the prescribed manner.
  4.      Where the nominee is
  
  a minor, it shall be lawful for the holder of the securities, making the
  
  nomination to appoint, in the prescribed manner, any person to become entitled
  
  to the securities of the company, in the event of the death of the nominee
  
  during his minority.