Why can Nominee not take money? Detailed Law on Nominee and Beneficiary I Supreme Court

⚫अपनी क़ानूनी समस्या को 1 कॉल पर अभी सॉल्व करे (Legal Opinion)
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Legal Opinion ► thelegalshots.com/legal-opinion/
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⚫Description:-
Smt. Sarabati Devi & Anr vs Smt. Usha Devi on 6 December, 1983
- main.sci.gov.in/jonew/judis/9...
For the drafting of WILL, CLICK HERE -www.aapkaconsultant.com/will
00:00- Introduction
01:47- Difference between nominee and beneficiary ?
What is nominee in hindi?
What is beneficiary in hindi?
05:54- Landmark judgement by SC
07:17- Exceptions:- 1. Amendment in Insurance act
2. Draft a will
10:17- Advice to all the subscribers
11:56- Frequently asked questions
Why can Nominee not take money?
In this video, we delve into the crucial differences between a nominee and a beneficiary in financial and legal contexts.
Discover the roles of nominees and beneficiaries, and how they impact asset distribution and legal rights.
Explore a pivotal ruling by the Supreme Court concerning nominee and beneficiary rights, shedding light on key legal aspects.
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#legalshots #landmarkjudgment #supremecourt #nominees

[@LegalSHOTS]

अपनी क़ानूनी समस्या को 1 कॉल पर अभी सॉल्व करे (Legal Opinion) WhatsApp- wa.me/message/CNF4QLGUA6CNE1 Legal Opinion ► thelegalshots.com/legal-opinion/

[@h.j.kalsariya4863]

Child castody kes kese kare

[@laxmannaik1358]

Beheda Branch in the the ti H bharot senel ro ayuktikor namornaamor anusthan atat) nomskar l

[@sanand8767]

पापियों ये ज्ञान पहले किलरक लोग, बाबू लोग और लाटवन सब को दो। गरीब लोग को काहे भय देता है।

[@prabhati220]

Jiske parivar me koi nahi hai sirf pati or patni ho or bacche chote ho

[@dileepgupta4411]

Un in cc cc cc ch in​@@sanand8767

[@practicalviews]

तो फॉर्म्स में nominee और beneficiary दोनो का कॉलम होना चाहिए। क्या यह बात banks, Post office, financial institutions और सरकार को पता नहीं है। पहले इन को अवगत कराएं बेकार में जनता में डर न बिठाए।

[@pratikgandhi17]

अगर death के बाद कोई dispute नही है तो नॉमिनी ही beneficiary हो जाता है ।।। Death के बाद अगर कोर्ट बोले कि पैसा सरकार के IT department को देना है तो IT department beneficiary हो जाता है । अगर वसियत बनाई है तो नोमिनी को पैसा वसियत के हिसाब से देना होगा ।।।

[@AMITPATEL-pi6ui]

Settled law of land sir Nominee has ONLY right to receive and give the proceeds to LEGAL HAIR

[@lalitkumardhirmalani867]

Then remove the nominee column from all documents.

[@kcjoshi2862]

Is it so easy to get a succession certificate from court.

[@harshitkhandelwal7767]

Aapki baat bhi bilkul sahi hai but ye jo bata rahe hai wo bekar ki baat nahi hai. Sisa rule sach mein hoga tabhi toh bol raha hai ye bhai bhi

[@akgupta1950]

There should be option for either Nominee or Beneficiary or both. Law should be very clear and public-friendly. Why courts have to interfere in almost each and every case?

[@nikolc1270]

clear cut kuch bhi nahi rakhenge , na denge!Even if you attsch aadhar card of the nominee. bhala haath ayi murghi kon chodega! unka ghar, family disputes pe hi nibhar hai! Murkh hai wo sabhi families who keep wasting their time fighting in Courts kyuki finally toh settlement se hi raasta nikal ke aata hai.verdict milna toh naseeb ki baat hoti hai.Vakil ki fees, vakil ke attitude, judge ke badli, mental torture,tarik pe tarik, se chutkara chahiye toh settlement hi ek asra hai. chahiye aapke saath injustice ho peace of mind will prevail. Uperwala hi Accounts settle karta hai. Karm haath mein hai! phal nahi! ( adalat mein ladte ladte janata jarur spiritual ban jati hai!)

[@akgupta1950]

@@nikolc1270 I agree Dear Sir, Aapney Lakh (Crore) Takey ki Baat kahi hai.

[@nikolc1270]

@@akgupta1950 Collegium system bharatiya nahi hai! yeh British dwara banaye hai isiliye yeh itne ineffective, unpractical and non functional hai. Government koi bhi ho, nothing much is done about the slow procedures at Courts. Bhsrat Chand pe pouch gaya per Naya ache functional, practical Police aur Judicial reforms nahi aate! Government servsnts charter bhi nahi aata, transperancy aur accoubtablity ke liye bhi kuch kaam nahi hua hai! data analysis, verification of facts and documents bhi nahi hota. Anyone can harass anyone without submitting any original evidence in court and the matters goes on in courts without any conclusions for years together. Only previleged people( Neta abhineta and rich businessmen) get timely and effective Justice. Rest all Janata is only for tax paying and duties. privileges are only for selected few.

[@RohGo-wl3rq]

Because we Indians based on - Hindu khatre me hai. So politicians do what they get paid for by industrialists.

[@nikolc1270]

@@RohGo-wl3rq Hindu khatre mein ho na ho aapke kamaiye paiso per sirf unka haq hai! Duniya mein middle class khali tax dene aaya hai. usse na time pe Justice milenga na basic Suvidha! Politicians, Rich businessmen and Abhinetas who forms just 2% , controls 98% of people. They are above the law. They are the law.They are favoured inspite of criminal background and scams.They roam scot free without any fear and bullies others.

[@manishvyas9905]

आप द्वारा बहुत ही अच्छी तरह से अपनी बात रखी जिससे आम आदमी को फ़ायदा मिलेगा। धन्यवाद

[@tusarranjandas1608]

What you are telling is about the "Appointee" appointed when the "Nominee" is a minor and only during his minority. When "Nominee" is a major person, he/she is entitled to receive the claim amount unless challenged by a rival claimant and prohibited by a court of law. So, as you said in the end, the beneficiaries have to establish their claim on the amount through a court of law. Also you are absolutely right about the amendment of Insurance Act in 2915 and the Will of the deceased.

[@MeAshishYadav]

Nominee ही बाय डिफॉल्ट बेनिफिशियरी माना जाता है तब तक, जब तक की कोई दूसरा दावेदार न आ जाए।।।

[@nachiketvyas1486]

@Naman Mohnot : Thank you for educating us all who sees this video. You are right. Many people would not know the difference between Nominee and Beneficiary. Please keep up the good work.

[@sushmajain46]

Banks ki FD mein nominee ka hi option hota hai ,beneficiary ka column toh hota nahin hai

[@kiranbabu5938]

Vahi hai Sara legal terminology ka khel. They will fool you with all these rules. Please listen carefully to Mr. Lawyer in the video. He clearly showed/explained that only in case of INSURANCE policy, nominee becomes beneficiary. This is NOT applicable to any other products like savings-account, etc. THATS THE LAW and the same is explained in the video

[@shaileshrdhuri7555]

Taaki AAP property ke liye succession certificate banane ke liye court fees and lawyer fees per approx. 1,50,000/- +/- kharcha kare aur govt. Ko sahayog de. Agar succession ke chakkar me apne pariwar ka nahi dalna chahate to will banaye aur will ki stamp duty bharke govt. Ko sahayog de

[@arvindphadnis671]

There should be provision to say that nominee is also beneficiary to avoid further lengthy procedure

[@deveshgupta8769]

Dear Sir You were very articulate in explaining the topic.quite informative video.

[@henrysollysangma3522]

Wonderfully explained. Thank you 🙏

[@shivatanu4369]

Very helpful video. Thank you for sharing such valuable information

[@kuldipsharma3119]

Very good explain by you in details which is very important for the country's citizens.

[@deepakchheda711]

Bohot badiya information di aapne. Dhanyawad

[@MrKsetty]

Thanks for educating us clearly

[@avijitbose1317]

Very nicely explained in simple terms. Thank you Sir.

[@rameshjain3138]

Thanks a lot sir for given full details of difference between nominee & beneficiary.

[@aaryaametil7566]

Very intresting. n knowledgible video sir Thankyou sir

[@srinivasvaranasi1645]

Reall Informative. Thank you!

[@MdshakirLLB22]

Knowledge is power thank u so much senior sir ❤❤❤❤

[@kishorgavhane322]

Sir immoveable property ke bareme will kasi honi chahiye pl. For knowledge

[@shamasutra5014]

Very Informative, Thank You..

[@ashokkumarsharma930]

Thanks for valuable suggestions

[@shantanusapru]

Interesting!! Thanks for the informative & useful video!

[@kvafsu225]

Very useful. Thankyou.

[@RonitKapoor343]

Thank you, very informative

[@thetruth3322]

Thank you, very informative sir.

[@prakashekavade8819]

Very important knowledge..mai isi video ki kabse wait kr rhi thi..mere bhai k liye mai ladhana chahti hu..uske property me nominee me uske wife ka name h..or ovbilkul achi nhi h.. thank you sir for this video..

[@atrishee6267]

Thank You much for this very useful information

[@b2sharan]

The time to get a succession certificate & expenses for it are sometimes not worth the amount receivable..Indian law in WILL, disputed will & succession certificate.. it's cumbersome

[@devjichawda9091]

V. Good information. Thanks

[@bhaskarpodili6208]

Nominee gives valid discharge to the person (legal) for their payment.If no counter claim subsist ,then he deemed to be beneficiary. But in case of shares ,the recent supreme court judgement by hon justice Roy and mittal ,said companies act do not override succession act. More than one nominee only in case of lockers.

[@sudhasubramanian7818]

Thank you for the update.

[@marypaul3465]

SIR... Appreciate the way ylu simplfied the matter. We request you to explain in detail who are the benifeciaries in the case of a Spinster and Bachelor... In relation to income tax rules...

[@gautamkumarvishwakarma3617]

Bahut achhi jaankari mili.

[@pad599]

बहुत ईमानदारी और अच्छे ढंग से सब कुछ cover करते हुए समझाया है I कहीं पर भी video को लंबा करने के लिए कोई फ़ालतू बात नहीं की है I आपका बहुत-बहुत धन्यवाद!

[@nachiketasaha4095]

Thank you, Sir, for your detailed exposition of the laws regarding nomination and beneficiary. Only one thing is not clear. In case of demat a/c, the nominee is treated as the beneficiary as per SEBI RULES for on the death of the holder of the demat a/c , the nominee steps into his shoes and can operate the demat a/c as his own demat a/c after getting his name registered in the demat a/c. This is not permissible in case of bank a/c of the deceased depositors who have made a nomination. In such cases, the nominee becomes or acts like a caretaker only on behalf of the other legal heirs. But in case of demat a/c the nominee acts as the owner and is eligible to operate the demat a/c after the death of the original holder of the demat a/c. Kin;dly, clarify.

[@LegalSHOTS]

अपनी क़ानूनी समस्या को 1 कॉल पर अभी सॉल्व करे (Legal Opinion) Whats App- wa.me/message/CNF4QLGUA6CNE1 Legal Opinion ► thelegalshots.com/legal-opinion/

[@pramodsharma9262]

Bahut achchi jankari

[@AkashGupta-SKY]

Thanks for the information sir

[@parimalgandhi9266]

Thanks one sugg. Shop pagdi system hai sell karna hai kya rules hai pl sugg.dena sirji.

[@Bhojpuriyainqatar]

Aap ko koti koti pranam

[@anandmundada1730]

Very very good sir .. do contd good work

[@sumittiwari7493]

A helpful video thank u Sir

[@sukhjinderkaur1417]

Thanks sir God bless you

[@gunjankanojia1698]

Sir kya ap please yeh clause jis page par mention Kiya gaya hey uska pic add kar saktey hey?

[@s.chandsforensicmedicineqs1494]

Very useful information 👍 confusion gone, thanks a lot 🙏😊

[@erjaspreet007]

Confusion to abhi shuru hui he jab in kale court walo ke chakar me Faso ge dur se hi bate mithi mithi lag ti he 😂😂😂

[@kuldeepviraniify]

Thank you Sir.

[@RRRSSS1111]

All financial institutions have to make changes to ask for the will . Will should be notarized or preferred registered. But bank should not ask whether it is probated or not. So long as Will is registered, everyone should accept it to distribute money as per the Will. In case of no Will, person need to have certification if legal hair. Will need to required to be probated only if there is dispute between parties.

[@naliniparakh4826]

Nice Information 🎉

[@pawankumar-ui7ck]

Thanku so much sir ❤️

[@parmodsharmasharma7660]

Main explaintion of Vakil sahib is- nominee is not exclusive beneficiary. He kept the money on behalf of real beneficiary

[@rabichakraborty4582]

May I be able to get a Draft of Will as per your video and how it will be available.

[@salimshirazee7553]

Thank you

[@ashishvengurlekar9924]

very good information

[@rajukhanna9672]

Sir, is it mandatory to appoint an Executor of a Will to distribute the estate of the deceased or otherwise?

[@rumadigamber1969]

Sir agar ham beneficiary rakhe hi na?margdarshan kare.

[@golaburman5157]

Thankyou Sir.

[@navinverma1128]

Sir aapne bahut achhi jaankari de. Will me kya kharcha hota hi pl.bataye

[@LegalSHOTS]

www.aapkaconsultant.com/will

[@chandrahasmutakekar5222]

Is it possible to include sisters name in a will keeping aside wife and daughters as o nominee and beneficiary both

[@neerajmainali9982]

Kya nominee blood relation k alawa bhi koi ho sakta hai jaise dost ya koi aur relative kindly reply as no one has given correct answer

[@7676ankush]

One son and one daughter ho yo kya daughter ko property me hissa milta hai ??

[@nsingh1957]

Kya bill registered hona chahiye

[@arkifoks253]

Nice information.

[@hb1614]

What about the joint ownership of property?

[@narindersondhi4151]

Business accounts main Kai baar ek bhai ki partnership doosry bhai ko nomini banakar ki jaati hai or Yadi us property par sirf uska bhai or uski family hi nomini Bankar apna bank balance banati rahy to Supreme Court ki highest authority dwara mock court dwara usky accounts ki priksha usi person ke written document dwara li jaati hai jissy two brothers ki property ko alag karty huy dono ko unky or unki family ke rights diye ja sakyen or yeh court process experts judges dwara kiya jaata hai taaki lawfully unki families ke rights save karty huy unhy wapis diye jaayen

[@babby1970]

बिल को क्या रजिस्टर्ड करना जरूरी होता है और बिल को आगे आने वाले समय में क्या बदला भी जा सकता है

[@alpinetrade4956]

Sir, please give link for hindu succession act copy and insurance act for amendment details. There is valid question given by someone in comments that why bank and other financial instituion are not giving coloumn for selection of nominee or beneficiary

[@sriranga1000]

Laws should be simplified for poor and middle class people to bequeath their life’savings to their children.With this new order poor and middle class people have to shell down thousands to lawyers for drafting a will,.Instead of this new rule they can ask the banks to register and accept nomination with the photograph and Aadhaar card no .of the nominee That will not involve financial burden on poor and middle class .

[@bhupinderssood4004]

Kya will ka registeration zaruri hai

[@nikhildengre5848]

kya Blood relation me he Nominee kiya ja sakta hai ya koi bhi third person ko bhi nominee kar sakte hai us condition me blood relation wale kaise claim kar sakta hai Specially in Bank Case

[@vishnudivate6434]

Ery good information

[@JbSartaaj]

what about incase of Property?

[@harbhajansingh4334]

Pl. Clear it in more details & simple way.

[@user-dl1id3fb7x]

Sir In case of Death of Nominee,The Fixed Depositor can change nominee.please explain

[@durgachoudhury329]

Then why only nominee name is registered beneficiaries names should also be included.

[@satyamkraftkreations1766]

In bank FD if nominee mentioned n actual person dued then nominee can get the amount or not

[@kmsm832]

Thanks for informing about this. Yeh example males ka hai. What about females? Females in Hindu succession act ka batayen...

[@LegalSHOTS]

⚫अपनी क़ानूनी समस्या को 1 कॉल पर अभी सॉल्व करे (Legal Opinion) Whats App- wa.me/message/CNF4QLGUA6CNE1 Legal Opinion ► thelegalshots.com/legal-opinion/

[@VinayShah-gm2po]

Than whats meaning give nominee name, sign etc.........

[@rajaarya117]

Will konsa banaye. Details video banao pls..

[@LegalSHOTS]

www.aapkaconsultant.com/will

[@avinashhambarde9003]

The depositor must mention in will conditions which the beficiarry must fulfill some conditions.

[@gkc0072]

Is there anything like Family certificate

[@RRRSSS1111]

Forgot to say that Will must be notarized or ragistred. Ragistred Will is the most preferable.

[@lakshmiev8046]

Then why can't they add beneficiary in all accts.property documents,to simplify disputes.

[@sk27812]

Very informative video. Please make a video on how to make a will and has the will to be on stamp paper, and it is to be registered.

[@LegalSHOTS]

Stamp Paper क्या होता है ? Types of Stamp Paper I Validity of Stamp paper-kzbin.info/www/bejne/h3OxlHVqnKaVppo

[@Sheelbansal23]

Very nice

[@mukundmparikh4187]

Appreciate ❤️

[@reenasuraiya6399]

Can you have 2-3 nominees in insurance law

[@aishaali4801]

Will banane ke charges kya hai

[@nandinidutta3617]

Should a will be signed by a witness?

[@dhanrajrai6458]

बहुत ही बडियाँ बारे।

[@deepikadas9119]

Plz give info on family pension rules where one or more wife is thr

[@nakulkatoch619]

What about stocks in demat account

[@anishkhokhar8336]

In nomination form there is always a option to mention the name of beneficiaries, other than minor a nominee is mentioned as beneficiary.

[@LegalSHOTS]

⚫अपनी क़ानूनी समस्या को 1 कॉल पर अभी सॉल्व करे (Legal Opinion) Whats App- wa.me/message/CNF4QLGUA6CNE1 Legal Opinion ► thelegalshots.com/legal-opinion/

[@archanasharma2181]

Plz ye baatein kisi trh se government tk pahunchaye ki Nominee ke sath hi Beneficiary ka column rakhe aur TV pr bhi advertisement ke jariye se logo tk baat pahunche aur death ke baad maar kaat na mache

[@binodkosshik1718]

Sir , If the Nominee is account holders Son or daughter or brother or sister then what will happen , ?

[@ashugupta9391]

Kya will register honi chiye

[@man2komal]

This should be known to financial institutions than why only nominees are made not beneficiary, people alone cannot make declaration??

[@espdsspirit8044]

Sir hum aap se milna chahte hai phone per etni baate nahi samjayi ja sakti. Aap se appointment Leni hai fee kya hoge. Hame kaha milna hoga. Thankyou Sir .

[@cosmograce]

useful video

[@sunilknath]

You missed the rules on Pension. The rules are not as per rule of succession there but as per the rule described as Family