Understanding Succession Certificate
A succession certificate authorizes the holder to collect debts securities and financial assets of a deceased person. It is issued by the Civil Court under Part X of the Indian Succession Act.
Frequently Asked Questions
What is succession certificate?
Authorizes holder to collect debts securities and assets of deceased person. For bank accounts shares insurance and financial assets.
Which court issues certificates?
Civil Court City Civil Court for Kolkata where deceased resided. Application under Part X Indian Succession Act.
What is court fee?
Calculated on asset value per West Bengal Court Fees Act typically 2-5% of value with upper capping.
How long does process take?
Uncontested: 2-4 months. Objections filed: contested proceeding 6-12 months.
Difference from probate?
Succession cert for debts/securities of all deceased. Probate specifically relates to wills and executor authority.
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