Why NOMINEES Cannot Use Money? New Amendments to nomination rule for bank | Supreme Court Order
Who is the nominee in a bank account?
What is a nominee in a family?
What is the nominee law in India?
Definition of Nominee:
A person who will receive the proceeds of the account or investment in case the holder or the owner demise unexpectedly.
The Banking Laws (Amendment) Bill, 2024, submitted by Finance Minister Nirmala Sitharaman, includes a proposal to raise the maximum number of nominees permitted per bank account and locker from the current one to four. Amendments to nomination rule for bank lockers, deposits ...
Judgement link-
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Judgement link-
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1:11- High Court judgement 1
3:26- Supreme Court judgement 2
4:49- New Rules regarding nominee
Act and Section in this video:
Hindu Succession Act, 1956 & Banking Law (Amendment) Act, 2024
In this video legal expart Adv Papia (Decode The Law) will discuss about that latest judgement of Hon'ble Supreme Court related to discussed about the important judgement of Supreme Court in which it explained the rights of nominee and explained the whole concept of nominee. To know the detailed information watch this video till end.
Nominee NOT entitled to use money? Supreme Court Judgement exceptions
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