Nomination Form (General)

NOMINATION FORM To, [institution_name] Date: [nomination_date] Subject: Nomination in respect of [account_details] Sir/Madam, 1. PARTICULARS OF THE HOLDER Name : [holder_name] Address : [holder_address] Account/Policy: [account_details] 2. NOMINATION I hereby nominate the following person to receive the amount standing to my credit, or the asset held in my name, in the event of my death: Name of nominee : [nominee_name] Relationship : [nominee_relationship] Date of birth : [nominee_dob] Address : [nominee_address] Share : [share_percent]% 3. WHERE THE NOMINEE IS A MINOR Where the nominee named above is a minor on the date of my death, I appoint [guardian_name] to receive the amount or asset on the nominee's behalf during minority. 4. DECLARATIONS 4.1 I am making this nomination of my own free will, without any coercion or undue influence. 4.2 I understand that this nomination supersedes any earlier nomination made by me in respect of the same account or asset. 4.3 I undertake to inform the institution of any change in the particulars stated above, and I reserve the right to vary or cancel this nomination at any time by written intimation. 5. I request that the nomination be registered in the records of the institution and that an acknowledgment be issued to me. Yours faithfully, [holder_name] Signature: ______________________ WITNESSES 1. Name: ______________________ Signature: ______________ Address: ______________ 2. Name: ______________________ Signature: ______________ Address: ______________ FOR OFFICE USE Nomination registered on ______________ Reference No. ______________ Authorised signatory: ______________________ Seal: IMPORTANT — WHAT A NOMINATION DOES AND DOES NOT DO A nomination decides WHO RECEIVES the asset from the institution. It does not decide who ultimately OWNS it. A nominee generally holds the amount received as a trustee for the legal heirs, who take under the will or under the law of succession. The Supreme Court has repeatedly held that a nomination does not override a will or the law of succession, and does not by itself confer beneficial ownership on the nominee. The position differs for certain assets — notably, amendments to company law give a nominee of shares a stronger claim, and the position has been the subject of conflicting decisions. A nomination is therefore NOT a substitute for a will. If you wish to decide who ultimately owns your assets, make a will. A nomination alongside a consistent will avoids disputes; a nomination that contradicts a will invites them.