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Succession Certificate In Chennai: A Simple Complete Guide
According to the laws of Descent and Distribution, the beneficiary of an ancestor's property is determined if the deceased has not made a valid will. We Losing a family member is never easy. It brings sadness, but dealing with their financial matters can also feel confusing. If your loved one had bank accounts, shares, or other assets, and there was no will or nominee, you might need a Succession Certificate in Chennai to claim those assets.
What is a Succession Certificate?
A Succession Certificate is a legal paper issued by the civil court. It proves that you are the right legal heir to claim movable assets of the deceased person, such as:
- Bank deposits
- Shares
- Bonds
- Mutual funds
- Unclaimed dividends
- Insurance money (if there is no nominee)
This certificate acts as proof to banks and companies that you have the legal right to claim the money or shares left behind by the deceased.
Why Do You Need a Succession Certificate in Chennai?
In Chennai, many families face problems because they don’t have the correct legal documents. If a person dies without a will (intestate), and no nominee is listed for their financial assets, then legal heirs must get a Succession Certificate from the civil court.
Without this certificate:
- Banks may refuse to release money
- Companies won’t transfer shares
- You cannot claim unclaimed dividends from IEPF
Therefore, applying for a Succession Certificate in Chennai is a very important legal step.
What Can Be Claimed With a Succession Certificate?
With this certificate, you can claim:
- Savings accounts and fixed deposits (FDs)
- Unclaimed shares and dividends
- Insurance amount (if no nominee exists)
- Bonds and mutual funds
- Money from the Investor Education and Protection Fund (IEPF)
This certificate helps prove your right to these assets in front of banks, companies, and government bodies.
Who Can Apply for a Succession Certificate?
Anyone who is a legal heir can apply. This includes:
- Spouse (wife or husband)
- Children
- Parents
- Siblings (sometimes)
You can apply even if you are not a nominee, especially if no nominee was named or if the nominee has also passed away.
How to apply for a Succession Certificate in Chennai?
Follow these simple steps:
- File a Petition
File an application in the District Civil Court where the deceased last lived. The petition should mention the heirs and the assets to be claimed.
Attach Required Documents
- Death certificate (original and copy)
- Identity proof (Aadhaar, PAN)
- Proof of relationship (ration card, family certificate)
- Details of assets (bank accounts, shares, etc.)
- Court Issues Public Notice
The court published a notice in the newspaper asking if anyone objected to the application. There is a 30-day waiting period for any objections.
Court Hearing and Order
If no objections come and the documents are correct, the court issues the Succession Certificate. Usually, this takes 2 to 3 months in Chennai.
Where Is a Succession Certificate Used?
You can use this certificate to:
- Claim shares from companies
- Recover unclaimed dividends
- Transfer bank fixed deposits and accounts
- Claim bonds and mutual funds
- Apply to recover assets from IEPF
- Settle the deceased’s financial matters legally
Important Things to Remember
- Succession Certificates are only for movable assets like money and shares. For immovable property (land, house), you need a Legal Heir Certificate or Probate.
- If the deceased had a will, then the probate process applies, not a succession certificate.
- This certificate is valid all over India, including for online applications and banking.
Why Choose Share Claimers in Chennai?
If you find the process confusing or slow, you can contact experts like Share Claimers. They help with:
- Succession certificate for shares
- Indian succession certificate guidance
- Online filing of succession certificate
- Help with IEPF cases
- Share transfer and transmission services
They know the court system well and help you get your certificate without delays.
Benefits of Using Expert Help
- Saves time and reduces confusion
- Assistance with paperwork and court filing
- Faster public notice and hearing process
- Avoid mistakes that can cause rejection
- Smooth and easy Succession Certificate in Chennai
Final Words
If you live in Chennai and want to claim the financial assets of a deceased family member, applying for a Succession Certificate in Chennai is a must. Whether it is shares, dividends, mutual funds, or bank accounts, this certificate gives you the legal power to claim what belongs to you.
If the legal process seems complicated, don’t hesitate to get help from experts like Share Claimers. They will guide you step-by-step for the succession certificates for shares, court filings, and IEPF recoveries.