Civil Court
Issuing Authority
Indian Succession Act
Governing Law
Debts & Securities
Purpose
What is a Succession Certificate?
A Succession Certificate is a document issued by a civil court that authorizes the legal heirs of a deceased person to inherit and manage their debts, securities, and other assets. It is essential when the deceased has not left a will and there are disputes among heirs regarding the distribution of assets.
Legal Basis: Sections 370 to 390 of the Indian Succession Act, 1925 govern succession certificates.
When is Succession Certificate Required?
- To claim bank deposits and savings accounts
- To transfer shares, mutual funds, and securities
- To recover debts owed to the deceased
- To claim insurance policies
- To access lockers in banks
Difference between Legal Heir Certificate and Succession Certificate
- Legal Heir Certificate is for establishing relationship
- Succession Certificate is for inheriting assets
- Legal Heir from Revenue Department
- Succession from Civil Court
- Legal Heir is faster to obtain
- Succession requires court procedure
- Legal Heir for pension, family benefits
- Succession for bank accounts, property
Legal Disclaimer: This information is for educational purposes only. Consult a lawyer for succession certificate application.