How does one define NOMINATION OR A NOMINEE in legal terms?
1.Can one nominate a friend as a nominee in the form required for nomination of flats registered under the Mah coop Soc. Act?
After the death of the flat owner, will the nominee be the owner after completing the required formalities for being registered as a society member?
2. Recently a bank disallowed a friend to be mentioned as a nominee in a fixed deposit account. Other banks did not have any comment and accepted. What is correct?
Thanks in advance for a reply