Nomination rights allow NRI nominees to receive securities but proceeds are non-repatriable and holding requirement applies. Nomination and cancellation under the Sovereign Gold Bond Scheme 2021-22 must be made in Form 'D' and Form 'E' per the Government Securities Act and Regulations. An individual Non-Resident Indian nominee may have the security transferred to his name but must hold it until early redemption or maturity, and the interest and maturity proceeds are non-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 allow NRI nominees to receive securities but proceeds are non-repatriable and holding requirement applies.
Nomination and cancellation under the Sovereign Gold Bond Scheme 2021-22 must be made in Form 'D' and Form 'E' per the Government Securities Act and Regulations. An individual Non-Resident Indian nominee may have the security transferred to his name but must hold it until early redemption or maturity, and the interest and maturity proceeds are non-repatriable.
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