New Nominee Rule 2024- When Nominee cannot take Money?Supreme Court Order|New Banking Amendment Bill

Описание: #supremecourt #legalawareness #nominee

New NOMINEE Rule 2024 - When Nominee cannot take money? Supreme Court Order

Who is a nominee in a bank account?
What is the role of a nominee?

“Nominee” a person or organization named to act on behalf of someone else, esp to conceal the identity of the nominator

In this video legal expert Adv Jyoti (Legal Storehouse) will discuss about that latest judgement of Hon'ble Supreme Court related to nominee. In this judgement Supreme Court observed laid down the grounds upon which nominee acts as a trustee of custodian. If you name a nominee beforehand, the bank will know that the nominee is the one who is authorized to receive the funds. When Nominee cannot take money? Nominee : Latest Supreme Court and high court Judgement in India in Hindi.

New NOMINEE Rule 2024 - When Nominee cannot take money? Supreme Court Order

A “nominee” is someone who is chosen by the Account holder to receive the deposited funds in case of an unfortunate situation like the Account holder's death. A nominee is someone who is chosen by the Account holder to receive the deposited funds in case of an unfortunate situation like the Account holder's death. The insured person chooses or nominates his/her nominee at the time of buying the life insurance policy. Nominee is usually the spouse, children or parents.

Chapters:-
1. Intro :- 0:00
2. Nominee meaning,rights & duties :- 01:15
3. New Banking Amendment Bill :- 03:09
4. Supreme Court Judgment :-4:55

Who is the nominee name?
Which person can be a nominee?

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