Section 6 of SDMP Act, 1893 : Section 6: Devolution Of Interest Where Beneficiary Refuses, Neglects Or Discontinues To Use The Names Dinshaw Manockjee Petit

Explanation using Example

Imagine a young man named Rustom who has just inherited the title of Baronet from his late father, according to the terms of The Sir Dinshaw Manockjee Petit Act, 1893. Rustom is now entitled to the dividends and income from certain trust funds and properties associated with the title. However, the Act requires that he must use the names "Dinshaw Manockjee Petit" as part of his own name to maintain his rights to these assets.

For example, Rustom must legally change his name to include "Dinshaw Manockjee Petit" and use it in all legal and financial documents. If Rustom, after turning 21, refuses to use the prescribed names for an entire year, or if he starts using them but then stops for six consecutive months, the Act stipulates that his rights to the income and benefits of the estate would be suspended.

In such a case, the income would then pass to the next eligible heir male of the family who would have inherited the Baronet title if Rustom had passed away. If there is no such male heir, the assets would go to whoever is next in line according to the terms of the trust or the Act.