Nomination of securities vests rights on death using a prescribed form with nominee, minor guardian and alternate provisions. Nomination under section 72 uses a prescribed form to nominate persons to receive all rights in specified securities on the holder's death, requiring particulars of the securities, full nominee details, special provisions where the nominee is a minor including guardian information and an alternate nominee if the minor dies before majority, and execution by the security holder with a witness.
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 of securities vests rights on death using a prescribed form with nominee, minor guardian and alternate provisions.
Nomination under section 72 uses a prescribed form to nominate persons to receive all rights in specified securities on the holder's death, requiring particulars of the securities, full nominee details, special provisions where the nominee is a minor including guardian information and an alternate nominee if the minor dies before majority, and execution by the security holder with a witness.
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