Nomination rights permit transfer of Sovereign Gold Bond to an NRI nominee; interest and maturity proceeds non-repatriable. Nomination and cancellation must be effected in the prescribed forms under the Government Securities Act and Regulations. An individual Non-Resident Indian nominee may receive transfer of the security on the death of the investor, provided the Non-Resident investor holds the security until early redemption or maturity; interest and maturity proceeds on the investment 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 rights permit transfer of Sovereign Gold Bond to an NRI nominee; interest and maturity proceeds non-repatriable.
Nomination and cancellation must be effected in the prescribed forms under the Government Securities Act and Regulations. An individual Non-Resident Indian nominee may receive transfer of the security on the death of the investor, provided the Non-Resident investor holds the security until early redemption or maturity; interest and maturity proceeds on the investment are not repatriable.
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