The notice calls for objections if any to issue a succession certificate. The debts and securities as to which the succession certificate is applied for should be mentioned.
Therefore it take near about 40 to 45 days for obtaining succession certificate.
How long does it take to get a succession certificate. 5 pay court fees. Succession certificate is only for movable debts and securities. 4 mention details of bank accounts fixed deposits shares mutual funds etc in respect of which sc i s applied for.
2 you have to apply in hc or district court having jurisdiction. If the petition is not contested then the court usually issues a succession certificate in five to seven months. Stage 3 indemnification bond.
It generally provides a period of 45 days to protest with necessary documentary proofs. There is no shortcut process of obtaining a succession certificate. 6 it takes around 6 month for issue of sc.
If you are the applicant then you have to prepare a petition. Advocate naresh shamrao pathrikar. The grant and issuance of succession certificate are obviously a time and energy sapping legal adventure which usually takes time but where the petition is not contested the court is obliged in the absence of any obvious defect in the legal processes filed to issue a succession certificate with seven 7 months of such application.
The certificate provides indemnity to all persons owing such debts or liable on such securities with regards to a person to whom a certificate as granted. The court will also issue a notice in the newspapers it specifies a specific period to raise objections generally 45 days. Death certificate will be required apart from the additional requirements.
Vii the absence of any impediment u sec. The court will thereafter issue notices to all the legal heirs to attend the proceedings. The certificate is granted by a competent civil court after you file an appropriate petition mentioning the details of legal heirs property etc.
After 45 days are over he will. Once the certificate of succession has been granted to the petitioner by the court the next step is to sign a bond to indemnify persons entitled to the debts and assets of the deceased. If there no objections the court then proceeds to levy a fee for the issuance of the certificate.
Court fees also has to be paid in the form of judicial stamp papers. You can get the notices served quickly by getting the vakalatnamas of all the legal heirs filed in court. 370 1 of the act or any other terms of the act or any other laws to the privilege of succession certificate or to the legality of it in case of it was granted must be mentioned.
A succession certificate is a mandatory document but not always sufficient to release the assets. Answers 1 dear client for obtaining succession certificate court publish publication in local newspaper for inviting objections if any within 30 days from the date of publication. Here are the steps you need to follow to get the legal procedure to get a succession certificate.
It generally takes around four months for a decision in the matter of succession certificate. 3 enclose death certificate.