Legal Question in Banking Law in India
what is the legal position when nominee dies after receiving the nominated amounts? who will get the money lying in the nominee's name?
Asked on 9/02/11, 5:16 am
4 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
legal heirs of nominee.
Answered on 9/02/11, 5:34 am
Prof.Somnath Mukherjee
s.mukherjee associates,09874053359
nominee is nothing but a custodian so the legal heirs has no right over that amount so the money will go to the person who made him nominee
Answered on 9/02/11, 9:04 am
KarVai Legal Solutions
Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in
as the nominee has recvd the amount .... now it will go to his legal heirs
Answered on 9/06/11, 2:08 am
Sanjay Kalra
Sanjay Kalra & Associates
Nominee is only the custodian of money on behalf of the principal , the money would go to the legal heirs of the Principal person .
Answered on 9/08/11, 1:02 am
Related Questions & Answers
-
Dear Sir, Please clarify me whether in case of joint bank account (either or... Asked 8/31/11, 10:57 pm in India Banking Law
-
Joint bank account (either or survivor) is operation stop by any one holder Asked 8/31/11, 10:51 pm in India Banking Law
-
Sir, thank you for the mail. sir, i want to clear that after the when police filed... Asked 8/31/11, 8:19 pm in India Banking Law
-
Myself sanjay pandey I am in bank sir, in 2007 in april some incident happen withme... Asked 8/31/11, 9:12 am in India Banking Law
-
Sir, i in bank in a when i was in cash cash was short rs.5 lakh manager put fir... Asked 8/31/11, 8:54 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
