Endorsement of share certificate in the name of nominee

Querist : Anonymous (Querist) 06 March 2019 This query is : Resolved
Dear Sir,
The member has filled and registered the nomination form in favour of his wife. The member died couple of years back. Society wants to endorse the share certificate in favour of his wife. Is it necessary to mention (Nominee) against the name while endorsing the share certificate behind.
Thanks

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Isaac Gabriel (Expert) 06 March 2019
Being the nominee the wife's name to be enrolled as the owner.If no nomination the property will devolve on legal heirs

KISHAN DUTT KALASKAR (Expert) 07 March 2019
Dear Sir,
When the member is died how it can be endorsed and it is bounden duty of Society to receive to said share certificate and transfer the Katha in the name of nominee on the basis of death certificate of share holder.

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P. Venu (Expert) 07 March 2019
Transfer of share certificate in the name of the nominee is distinct from inheritance of property by all the legal heirs.

Dr J C Vashista (Expert) 09 March 2019
Yes, the share can be transferred in the name of "nominee" widow on the basis of nomination registered in Society records.

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