Sovereign Gold Bond nomination lets holders designate beneficiaries and appoint a guardian to receive funds for minor nominees. Nomination under the Sovereign Gold Bond Scheme enables registered holders to designate persons to receive Government securities and payment on the holder's death, requiring nominee particulars, holder signatures and witness details; substitutions cancel prior nominations. For minor nominees, the holder(s) may appoint a person to receive the amounts until majority. The registrar issues a nomination registration number to be quoted for any change or cancellation, and an authorised official records registration.
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.
Sovereign Gold Bond nomination lets holders designate beneficiaries and appoint a guardian to receive funds for minor nominees.
Nomination under the Sovereign Gold Bond Scheme enables registered holders to designate persons to receive Government securities and payment on the holder's death, requiring nominee particulars, holder signatures and witness details; substitutions cancel prior nominations. For minor nominees, the holder(s) may appoint a person to receive the amounts until majority. The registrar issues a nomination registration number to be quoted for any change or cancellation, and an authorised official records registration.
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