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ABCD (HR Consultant)     20 February 2014

Do we need succession certificate

Please advise/ suggest.

A person expires leaving an Individual nominated a/c. After some time nominated person expires too. Do we need succession for remaining legal hiers.



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 2 Replies

adv.raghavan (Advocate,9444674980)     21 February 2014

Yes it is needed to get movable assets.

T. Kalaiselvan, Advocate (Advocate)     21 February 2014

In some places, like Banks and insurance companies, if the amount is less than 5 lakhs, they do away with the succession certificate on the basis of indemnity bonds, check up with the authorities.


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