Nomination in government securities: NRI nominees may receive transfer but proceeds are expressly non-repatriable. Nomination for sovereign gold bonds must be made and cancelled in prescribed forms under the Government Securities Act and Regulations. An individual Non-Resident Indian nominee may receive transfer of the security from a deceased investor but must hold it until early redemption or maturity, and the interest and maturity proceeds are not repatriable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Nomination in government securities: NRI nominees may receive transfer but proceeds are expressly non-repatriable.
Nomination for sovereign gold bonds must be made and cancelled in prescribed forms under the Government Securities Act and Regulations. An individual Non-Resident Indian nominee may receive transfer of the security from a deceased investor but must hold it until early redemption or maturity, and the interest and maturity proceeds are not repatriable.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
