Nomination

(1) Every member of the Fund shall file, in Form No. IV a nomination conferring on the nominee the right to receive the amount that may stand to his credit in the Fund in the event of his death. (A member may in his nomination specify the proportion in which the amount that may stand to his credit in the Fund shall be payable among his nominees. (If a member has a family at the time of making nomination, the making nomination shall be in favour of one or more persons belonging to his family. (If at the time of making a nomination the member has no family the nomination shall be in favour of any person or persons, but if the member subsequently acquires a family the first nomination shall forthwith be deemed to be invalid and the member shall make a fresh nomination in favour of one or more persons belonging to his family. (A nomination made under sub-para (1) may at any time be modified by a member after giving notice to the Chief Executive or an officer authorised by him in this behalf if his intention of doing so. (If a nominee predeceases the member, the interest of the nominee shall revert to the member, who make a fresh nomination in respect of such interest.