Nomination modification for provident and gratuity funds enables cancellation of prior nominations and reallocation to named beneficiaries. Form No. 40B cancels any prior nomination and records a new nomination for amounts standing to an employee's credit in a provident fund or payable as gratuity, requiring nominee name, address, relationship, age and share so the total covers the whole amount; the form must be signed by the employee before two witnesses and certified by a trustee or authorised trustee representative, and includes optional certifications regarding absence of family or dependent relatives and instructions to delete inapplicable words.
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Provisions expressly mentioned in the judgment/order text.
Nomination modification for provident and gratuity funds enables cancellation of prior nominations and reallocation to named beneficiaries.
Form No. 40B cancels any prior nomination and records a new nomination for amounts standing to an employee's credit in a provident fund or payable as gratuity, requiring nominee name, address, relationship, age and share so the total covers the whole amount; the form must be signed by the employee before two witnesses and certified by a trustee or authorised trustee representative, and includes optional certifications regarding absence of family or dependent relatives and instructions to delete inapplicable words.
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