A succession certificate is defined under the Indian Succession Act 1925, it refers to a certificate issued by the court to the legal heirs of a deceased person to validate the legal heirs and to allow them to inherit debt, securities, and other assets of the deceased person.
After issuing the succession certificate, the court shall specify the shares, securities, and debts outlined in the application for the certificate. The court may further authorize the beneficiary:
The procedure to apply for Succession Certificate are as follows:
The process of succession certificate is no easy task and requires a knowledgeable attorney. We at ELT Consultants provide service to obtain succession certificates and have the best succession certificate lawyers in India.
A succession certificate shall include the following details:
The court issues public notice in a newspaper for 45 days, if any person has an objection shall file an application. However, if the court does not receive any objection it shall issue a Succession Certificate. It shall take about 5-7 months.
A Succession Certificate is a proof of succession issued by the court.