Flat nomination form
Mayur Vaidya
(Querist) 25 February 2016
This query is : Resolved
In a flat Nomination form, there are two sections. In first sections, say, there are Nominee A and Nominee B with equal proportion of 50% each. In 2nd section, where it is mentioned, in case of death, all the above mentioned shares will be transferred to Nominee A. Then after the death of the owner,
1. what will be the new status of the share certificate? will the new share certificate have Nominee B's name?
2. iF YES, Will the Nominee A be the sole owner of the said flat?
Hemant Agarwal
(Expert) 26 February 2016
1. Joint Nomination Form can be acted on ONLY after death of both the owners
2. Partial executed of the Nomination Form, is legally invalid
Keep Smiling .... Hemant Agarwal
http://www.maharashtra-society-help-forum.com
Mayur Vaidya
(Querist) 27 February 2016
I think the query is misread. Its only one owner of the flat and there are two nominees holding 50% shares each. And after death coloumn has Nominee A's name mentioned. Please advice.
Mayur Vaidya
(Querist) 27 February 2016
I think mu query is misread. Its only one owner of flat, having two names in Nomination form, having equal share. However, after death mentions Nominee A's name.
Hemant Agarwal
(Expert) 27 February 2016
2. Partial execution of the Nomination Form, is legally invalid
Nomination form mentioned with the said clauses is null and void, for any & all purposes.
Keep Smiling .... Hemant Agarwal
http://www.maharashtra-society-help-forum.com
