To claim a deceased person’s bank account or fixed deposits, is a succession certificate mandatory?

A succession certificate is not mandatory; it is a statutory safeguard. Financial institutions require it when a person dies intestate or without a legal nominee.

NRI Builder Dispute Resolution: Steps to Handle Delayed Possession

Introduction Making investment in property back home is an emotional as well as a financial decision for many Non-Resident Indians (NRIs). This decision not only reflects the connection to roots but also far-sightedness and sense of security. However, real estate investments do not always go smoothly. Many NRIs have to go through serious challenges such […]

Corporate Services Advisory: Entity Formation, Tax Planning & Ongoing Compliance

Introduction:In today’s world, it is challenging to operate a business in such a dynamic legal and regulatory environment. To run a business in India, an individual has to comply with several rules related to their business such as of Companies act 2013, Income tax act 1961 and many other such regulations, failing to comply with […]

Succession Certificate: procedure, petition, grant, validity & restrictions

IntroductionWhat happens to the financial assets that a deceased person has accumulated over his life? Or the ones he received in inheritance? This administration is not by assumption but governed by law. When a person dies without a will, i.e., intestate, their financial assets and liabilities are not automatically passed on to family members; the […]

Property Rights of Brother and Sister After Father’s Death Under Hindu Succession Act

IntroductionA father’s death is emotionally devastating for a family and can even entail disputes and conflicts over property amongst siblings. Property rights are one of the most controversial topics between brothers and sisters in India, as deeply rooted patriarchy, misconceptions regarding traditions and customs, and complex laws often lead to parties being sidelined, pressured, and […]

Land and Property Title Search for NRIs: Ownership Verification, Certified Records, Physical Inspection, Legal Analysis

IntroductionNon-Resident Indians (NRIs) buy property in India as an investment or a fixed asset, but buying a property is more than this; it’s a tangible link to their heritage and roots. However, when an NRI or expat wishes to take control of a piece of land situated thousands of miles away in their homeland of […]

To claim a deceased person’s bank account or fixed deposits, is a succession certificate mandatory?

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