Security Bond on Grant of Succession Certificate

Security Bond on Grant of Succession Certificate

(The Indian Succession Act 1925, section 375)

By the bond we, AB of, etc. (principal), and CD of, etc., (surety), are jointly and severally held and firmly bound to EF ………… Judge, etc., in the sum of Rs. ………… of lawful and good money to be paid to the said ………… Judge, or to his successors in office for the time being as the case may be for which payment to be truly and faithfully made, we bind ourselves and also our respective heirs, executors, administrators and representatives jointly and severally by these presents.

Sealed with our seals this …………… day of …………

WHEREAS by an order dated ………… made in Case No. ………… of ………… of the Court of ………… Judge, etc., a succession certificate in respect of the estate of MN deceased has been ordered to be issued under section 373 (read section 375) of the Indian Succession Act, to the above-named AB subject to his entering into a bond for Rs. ………… with one surety as herein contained and whereas the said AB has agreed to enter into the above-written bond and whereas the said CD has agreed to join with the said AB in the same bond as surety for the said AB and has been approved by the court: Now the condition of this bond or obligation is that, if the said AB does and shall justly and truly account for the debts and securities for which the certificate is granted, indemnify and keep indemnified against all the claims brought by the lawful heirs of the deceased GH and do otherwise administer according to law the said properties and credits and deliver and pay and/or cause to be delivered and paid the same to person or persons lawfully entitled thereto and otherwise act and conduct himself properly in all other respects then the above-written bond or obligation shall be void and of no effect, and shall automatically stand discharged, otherwise the same shall remain in full force and virtue.

Signed, sealed and delivered                                                                   AB

CD

Disclaimer:

The information contains in this web-site is prepared for educational purpose. This site may be used by the students, faculties, independent learners and the learned advocates of all over the world. Researchers all over the world have the access to upload their writes up in this site. In consideration of the people’s participation in the Web Page, the individual, group, organization, business, spectator, or other, does hereby release and forever discharge the Lawyers & Jurists, and its officers, board, and employees, jointly and severally from any and all actions, causes of actions, claims and demands for, upon or by reason of any damage, loss or injury, which hereafter may be sustained by participating their work in the Web Page. This release extends and applies to, and also covers and includes, all unknown, unforeseen, unanticipated and unsuspected injuries, damages, loss and liability and the consequences thereof, as well as those now disclosed and known to exist.  The provisions of any state’s law providing substance that releases shall not extend to claims, demands, injuries, or damages which are known or unsuspected to exist at this time, to the person executing such release, are hereby expressly waived. However the Lawyers & Jurists makes no warranty expressed or implied or assumes any legal liability or responsibility for the accuracy, completeness or usefulness of any information, apparatus, product or process disclosed or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product process or service by trade name, trade mark, manufacturer or otherwise, does not necessarily constitute or imply its endorsement, recommendation or favouring by the Lawyers & Jurists. The views and opinions of the authors expressed in the Web site do not necessarily state or reflect those of the Lawyers & Jurists. Above all, if there is any complaint drop by any independent user to the admin for any contents of this site, the Lawyers & Jurists would remove this immediately from its site.