7215/2011 Page 8 of 62
have full voting (Company
rights. The nominee Affairs), and
Directors shall have Eleven more
the option to resign members ... Board of
Directors and shall Secretary
have full voting (Company
rights. The nominee Affairs), and
Directors shall have Eleven more
the option to resign members
Family Pension
and this right to receive the Family Pension gives her the right to
have her name as the nominee in the Service Register ... reported in (1984) 1
SCC 424 as to the rights of the nominee in a Life Insurance
Police. He contends that, nominee is mere
deceased member and it is now well settled that the nominee has no
legal right in the property ... thereafter observed that it is settled law that the nominee has no legal
right in the property and he has to act as a trustee
following effect:
“KSL hereby recognise the right of KCP and/or his nominees
to sell or transfer their holding in SPIL to any other person ... purchased by the appellant as a matter
of an independent right but as a nominee of KCP. The purchase of the shares
was in pursuance
officio
members of the Governing Council with full voting rights. A
nominee of each State SCOPE, affiliated to SCOPE, shall also be an
ex-officio
have, upon
their demise, ceased to be the nominee members of the Respondent Society. No right
or interest therefore subsists in them with regard
award dated 23.05.2001 of
the Registrar's Nominee and hence in the peculiar facts has
rightly observed in the penultimate para that "hence ... impugned
award dated 23.05.2001 of the Registrar's Nominee has rightly
been quashed and set aside by the Tribunal and hence the
present petition
2015,85038/2016
assessee or any other nominee of it; and the Vice-
Chairman is also a nominee of the assessee; and three ... also be
nominees of the assessee. The pro Vice-Chairman and
three of the ordinary members of the Board would be
nominees of the head
nomination shall so far as it relates to the right conferred upon the said nominee, become void and of no effect:
Provided further that where ... have so remained unpaid, in the event of the nominee predeceasing the pensioner, such right shall, upon the decease as aforesaid of the nominee, pass
Court thus held that the right of inheritor
or successor is a subservient right to that of nominee, the nominee may be
entitled ... contended that the
right of transfer of membership is also not a right
under the common law but a right created in the
Cooperative Societies
