Nidhi Company

How Is A Succession Certificate Used?

For movable properties such as the PF, bank deposits, shares, and loans the Succession Certificate is mandatory

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We connect you with experienced lawyers

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The documents are collected and application is filed

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the certificate is granted in 6 months

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  What is a Succession Certificate?

A Succession Certificate is a certificate granted by Civil Courts in India to the legal heirs of a person dying intestate (without a will) leaving unclaimed debts and securities. A person is said to have passed away intestate when he/she does not leave a legal will. A Succession Certificate entitles the holder of the certificate to make payment of debts or transfer securities on behalf of the deceased, without having to ascertain the legal heir entitled to do so

  Benefits of A Succession Certificate

A Succession Certificate is a certificate granted by Civil Courts in India to the legal heirs of a person dying intestate (without a will) leaving unclaimed debts and securities. A person is said to have passed away intestate when he/she does not leave a legal will. A Succession Certificate entitles the holder of the certificate to make payment of debts or transfer securities on behalf of the deceased, without having to ascertain the legal heir entitled to do so

  Checklist for obtaining A Succession Certificate

If at that time the deceased did not have a fixed place of residence, a petition to the district judge within whose jurisdiction any part of the property of the deceased may be found.

  How Itax Helps In Procuring A Succession Certificate

We will connect you with experienced lawyers, who will prepare the application for a Succession Certificate after collecting all the required documents. If the district judge is satisfied with the preparation of the petition, an opportunity will be granted to hear the person who, in his/her opinion, should be heard. After hearing from all parties, the judge will decide the right of the petitioner, to be granted the Succession Certificate. The judge would then pass an order to grant the certificate.

  Documents required for Succession Certificate

The death certificate of the deceased, with the time of death, Residence or details of properties of the deceased at the time of death, within which the jurisdiction falls under, Details of family or other relatives of the deceased, The rights of the petitioner

  Rights of the copyright owner

Under the Indian Copyright Act 1957, copyright protects the social, economic and legal interests of the author. The copyright owner is entitled to the following exclusive rights.

FAQs on Succession Certificate

After hearing all parties, the Judge can decide the right of the petitioner, to be granted the Succession Certificate. The Judge would then pass an order to grant a certificate specifying the debts and securities set forth in the application empowering the person to receive interest or dividend or to negotiate or transfer, or both

A court can sometimes require a bond with one or more surety or sureties or any other security, for rendering an account of debts and securities received by the petitioner of a Succession Certificate. This is for indemnifying the persons who may be entitled to any part of the debt or securities.

A Succession Certificate is valid throughout the entire nation of India.

If someone dies intestate, before administration of the estate is entrusted to someone or when no executor is appointed under the will of deceased or when an executor is appointed but he refuses to act, then the Letters of administration may be issued. These are issued to entitle the administrator to all the rights required for the effective administration of the estate of the deceased.

If someone dies intestate, before administration of the estate is entrusted to someone or when no executor is appointed under the will of deceased or when an executor is appointed but he refuses to act, then the Letters of administration may be issued. These are issued to entitle the administrator to all the rights required for the effective administration of the estate of the deceased.

If a certificate is granted in a foreign country, by an Indian representation accredited to that country, it should be stamped in accordance with the Court Fees Act 1870 to have the same effect in India as a certificate granted in India

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