Legal Question in Banking Law in India
On the death of one of the AOS locker holders, does the simple deletion of that name from the locker suffice?
Asked on 10/12/15, 11:49 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
13,10.2015
Dear Sir / Madam.
Please clarify what is the full form of AOS ? In India, we have entities as an AOP - meaning an Association of Persons & BOI - meaning a Body of Individuals. Yes, it would suffice if the intimation of the deceased is conveyed to the Branch Manager of the concerned Bank or Pathpethi where the locker is held.
Regards,
Answered on 10/13/15, 4:28 am
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