Yes. The nomination is permitted for accounts with joint holders. The nomination form must be signed by all the joint holders in this case in the same order as in the demat account. You can either appoint a single nominee or multiple nominees. Also, you can either specify the individual share or leave it to let the share be equal.

You can also appoint a minor as a nominee but the minor having a demat account cannot appoint a nominee. Similar, trusts and corporate shareholders cannot have nominees. But, in case of death of any of the joint holder(s), the securities will be transmitted to the surviving holder(s). Only in the event of the death of all the joint holders, the securities will be transmitted to the nominee. That is the process of law operation.