There are different meaning of ‘Nominee’ in different sector e.g. When we are appointing someone as ‘Nominee’ at the time of open the bank account, for insurance, for any investment that time you are selecting your family member as ‘Nominee’ who can fulfill your responsibility to carry out the things. ‘Nominee’ means you are selecting a person for important job. But when you are selecting a ‘Nominee’ for any competition that means a person choose as a winner for particular prize.
In the Housing Society Nomination means is to select the person with whom the society shall deal with the Share of interest of the deceased member in the capital property of the society.
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www.shivconsultancy.org.in
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