How To Obtain A Succession Certificate For Transmission Of Shares Held In Physic

No general, you have to apply for specific share %. You have to gather details. There are some ways to know it. Engage a lawyer, he will guide u. for further assistance plz book for consultation.

Dear Sir, Please follow the following procedure. ============================= Process for getting succession certificate simplified in case of death of a person without leaving a will, court may grant succession certificate in order to realise securities or debts of the deceased. A civil court issues succession certificate to the legal heirs of a deceased person. It is required to establish the authenticity of the heirs. Also to authorize them to get assets or securities transferred in their names. Not to forget that assets comes with liabilities as such it also enables inheritance ofdebts. This is issued on the application from the beneficiary, to court as per laws of inheritance. It is necessary, though may not be always sufficient, to release or transfer the assets. For these letter of administration, no-objection certificates and death certificate is also required. Application: As discussed earlier also, a petition is required to be filed with the competent jurisdiction where the assets are located. Details: The application requires details like – name of petitioner – relationship with deceased – names of all heirs of the deceased – time, date and place of death Also a copy of the death certificate is required to be produced. Fees: A fixed percentage of the value of the estate is levied as fee for issuance of the certificate by the court. This fee is to be paid in the form of judicial stamp papers of the said amount. Only after this a the certificate is issued. Also, the lawyer will also charging their fees. Process: The notice in the newspapers for a given period (generally 45 days) is issued by the court. In case where no one contests the petition on or before the expiry of given period, the court sanctions the order for issuance of succession certificate. If the petition is not contested, the court usually issues a succession certificate in five to seven months. Looking at the process, it is always better to write a will or appoint a nominee in all your financial accounts like stocks, saving accounts, fixed deposits or mutual funds etc. The nomination may also be filed with yourproperties ownership. Section 372 in The Indian Succession Act, 1925 372 Application for certificate. — (1) Application for such a certificate shall be made to the District Judge by a petition signed and verified by or on behalf of the applicant in the manner prescribed by the Code of Civil Procedure, *Phone*of*Phone*for the signing and verifica

you have to submit a list of bank account, shares, and other properties to the civil court to get succession certificate

A succession certificate is issued by a civil court to the legal heirs of a deceased person