Succession and Inheritance - Inputs on Root Causes
Dear Friends:
Below are some of the key issues as outlined by you on Succession and Inheritance in India.
Kindly review them and help identify Root Causes for these issues by responding to this post.
This is a matter that concerns many in India and it is critical that the Community and Government work on understanding it better and addressing it.
We look forward to your inputs!
Rajendra Pratap Gupta
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Succession and Inheritance - Key Issues
1. Death certificate takes a long time to get prepared
2. Getting NOCs from different organizations becomes very tough
3. No concrete laws in this matter
4. The whole procedure of getting a succession certificate takes a very long time in the courts
5. Transfer of shares certificates from the deceased to successors is very difficult, requires court certificate which in turn requires huge deposits.
6. Many accounts do not need a nominee while going through the opening procedures
7. Lawyers charge a huge fee for taking up succession cases (many pay bribes to get work done)
8. Expenses and labour involved in obtaining the succession certificate is another tough ask
9. There is a lack of transparency among cross functional offices
10. The registrar office and staff is very corrupt and getting anything done there takes a lot of time and money
11. There is no customer service department/helpline which could answer the questions which arise in such cases more
Below are some of the key issues as outlined by you on Succession and Inheritance in India.
Kindly review them and help identify Root Causes for these issues by responding to this post.
This is a matter that concerns many in India and it is critical that the Community and Government work on understanding it better and addressing it.
We look forward to your inputs!
Rajendra Pratap Gupta
--------------------------------------------------------------------------------------------------------------------------------------
Succession and Inheritance - Key Issues
1. Death certificate takes a long time to get prepared
2. Getting NOCs from different organizations becomes very tough
3. No concrete laws in this matter
4. The whole procedure of getting a succession certificate takes a very long time in the courts
5. Transfer of shares certificates from the deceased to successors is very difficult, requires court certificate which in turn requires huge deposits.
6. Many accounts do not need a nominee while going through the opening procedures
7. Lawyers charge a huge fee for taking up succession cases (many pay bribes to get work done)
8. Expenses and labour involved in obtaining the succession certificate is another tough ask
9. There is a lack of transparency among cross functional offices
10. The registrar office and staff is very corrupt and getting anything done there takes a lot of time and money
11. There is no customer service department/helpline which could answer the questions which arise in such cases more
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View all 76 comments Below 76 comments
Hats off to the best Civilized address . But laps of individual candidature in the Social binding instigates and precipitates the issue for really to the different goals . more
May 26
if government take care of Future (children) as in west ..why will the people accumulate the wealth. Give benefit to caretaker of children, could be Mother/Father and charge them after they get employment. more
May 26
I believe as a human being we should dispose the majority of money while alive only on human welfare and we should retain bare minimum to living standard. Cash pile up and other property aggregated always brings unhappiness. more
May 26
An error in the spelling of the name of the deceased by the inefficient clerk requires a Notarised certificate to correct it. more
Apr 12
Sir, With due respect and humble submission that I have lodge a complain of my rly qr no. s&c/133- B BBC colony PANDU. for repairing of leakage of roof and and main room floor on 18 .12 .14 and I have gone to iow/pno/west several times till date no action taken.Moreover, today I've gone to iow/pno/office for repairing the roof and floor .I asked him I have complain to on DEC/14 till date you would no send any mission of for the same. He replied me it will be on serial. I asked him 5 months running more
Apr 11
