Transfer of share from nominee a/c to personal CDP a/c

[CityFarmer]

Sometimes its about the voting. Not all nominees account service provider has a policy of proxying the owners of their respective holdings because under companies act, a person or corporation can only appoint up to 2 proxies.

if the Nominee is currently holding shares in the company on behalf of more than 2 people, it would be difficult for them to decide who should they proxy. So most of them would just either adopt a

a) A no proxy policy
b) first request first proxy basis

And yes, transfer of shares in usually indicates that the shareholder is probably taking a loan and is subject to market risk

I am not so sure on the limitation. CPF is able to issue proxies for those vested with CPF fund, so the limitation of two seems impractical.

I might be wrong, time to do research on this topic...