subha chandrasekaran (home maker) 20 March 2012
Demat account of the deceased (single holder of stock) does not have a nominee or will. In such a case is succession certificate the only alternative for the heirs to obtain it. Also please advice how to apply for a sucession certificate. what are the required docs and details to be submitted. What will be the approx charges . Time frame to obtain the certificate. (Mumbai jurisdiction)
Hetalkumar (Asst. Vice President (Legal)) 21 March 2012
In succession Certificate, person need to file affidavit along with application stating intestate / no will or nomination available, along with Death Certificate of Deceased. He has to file pedigree of the deceased person. The same will take time of month or two with jurisdictional court. Upon receipt of application, court would be issuing Public Notice thru news paper, inviting objection, if any against issuing Succession Certificate. If no objection received within stipulated time frame, the same would be generally issued.
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