I am trying to understand the form 14 - Form for Nomination. Point no. 4 in the form lists the names of the nominees. But Point no.5 of the form says" I state that on my death the sahre mentioned above and my interest in the flat should be transferred to Shri/Smt ...... the first named nominee)
I own a flat and have six children. I have entered all their names under point number 4. But then Pt no. 5 talks about only the first named person. I would like all six of them to show up as nominees on the share certificate. Please see form below. How do I do that?
FORM 14
4. As provided under Rule 25 of the Maharashtra Co-op. Societies Rules, 1961, I hereby
nominate the persons whose particulars are as shown below:
Sr. Names Permanent Relationship Share of each Date of birth of the
No. of the Nominees Addresses with the Nominee Nominee, if the
Of the Nominee Nominator (percentage) Nominee is a minor
1 2 3 4 5 6
(1)
(2)
(3)
(4)
(5)
*5. As provided under Section 30 of the Maharashtra Co-op. Societies Act, 1960 and the Byelaw
No, 36 of the bye-laws of the society, I state that on my death, the shares mentioned above and
my interest in the flat, the details of which are given above, should be transferred to Shri /Shrimati
……………………………………………the first named nominee, on his /her complying with the
provision of the Bye-laws of the society regarding requirements of admission to membership and on
furnishing indemnity bond, alongwith the application for membership,indemnifying the society
