Nomination for provident and gratuity funds establishes beneficiary designation and distribution mechanism on employee death. Form No 40A prescribes nomination for provident or gratuity funds, requiring the employee to name beneficiary(ies), state relationship and age, and allocate the full amount or specified shares to each nominee; it includes optional certificates regarding absence of family or dependent relatives, and requires two witnesses and trustee or authorised person certification evidencing the signature and that entries were read or explained.
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Provisions expressly mentioned in the judgment/order text.
Nomination for provident and gratuity funds establishes beneficiary designation and distribution mechanism on employee death.
Form No 40A prescribes nomination for provident or gratuity funds, requiring the employee to name beneficiary(ies), state relationship and age, and allocate the full amount or specified shares to each nominee; it includes optional certificates regarding absence of family or dependent relatives, and requires two witnesses and trustee or authorised person certification evidencing the signature and that entries were read or explained.
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