Succession Certificate is a document issued by a competent
court (civil) certifying a rightful person to be the successor of a deceased
person. This certificate authorizes successor(s) to realize debts and
securities of the deceased person. Issuance of succession certificate does not
give “right of succession to the claimed property” of a deceased person,
because it does not determine the right, title and interest of the deceased
person to a particular property or entire property. However successor(s) of
intestate deceased person is/are entitled to inherit the deceased person’s
property (ies).
As per section 370 of Indian Succession Act, 1925 when the
deceased person has left a validly executed “Will”, the entire estate of the
deceased person under that “will” vests in executor of the will and in such
cases “Succession Certificate” cannot be granted. In eligible cases the
competent court to issue such certificate is the District court (Section 371 of
the said Act) in whose jurisdiction the deceased person generally resided.
Obtaining the Succession certificate
For obtaining the certificate an application containing the
full details of the deceased person, details of his other near relatives,
details of debts and securities in respect of which the certificate is applied
for and the right in which the petitioner claims to be issued the desired
certificate.
After due process of law the certificate is issued and the
rightful successor becomes eligible to collect / realize the debts and
securities of the deceased person. Any creditor holding securities and liable
to pay the debts, of the deceased person is fully discharged of his / her
obligations if such debts and securities are duly paid to the successor(s) of
the deceased person as mentioned in the certificate.
Revocation of the succession
certificate
As per section 383 of the said act, a certificate so issued
may be revoked for any of the following causes:-
- Process for obtaining the certificate was defective.
- Certificate was obtained fraudulently.
- Certificate becomes useless and inoperative due to circumstances.
- Decree or order of other competent court in dealing with the debts and securities of the same deceased person, renders it proper that the certificate is revoked.
- Against an order of the District judge, in the matter of grant, refusal or revocation of certificate, a person may appeal to the appropriate High Court.
Source : Common Floor, contributed by
IndianPropertyLawyers
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