Bank asking for NOC for no nomination account


My mother is no more and she did not even make any nominations for her shares which are worth 200000/=. The authorities are asking for a Succession certificate or Letter of Administration for the transferring the shares. I am the only daughter and my father is alive and is ready to give a NOC or Indemnity bond etc.
?
I would like to know what is more practical, Letter of Administration or Succession Certificate? How much time would it take

Answers (1)


177 votes

Both NOC and Succession Certificate are same. However, in your case, you can apply for a succession certificate.

As regards costs and time, it will depend on the place where you are located and where your mother expired. The fee structure depends on the lawyer you engage.


Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

Popular Documentation Lawyers


Advocate Sunil Kumar Bakshi
Sector-16, Faridabad
33 years Experience
Advocate Barkha Bhalla
Banjara Hills, Hyderabad
17 years Experience
Advocate Rajeev Nigam
Kanpur Nagar, Kanpur
26 years Experience
Advocate Rajesh K.S
Subedar Chatram Road (SC Road), Bangalore
14 years Experience

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Documentation Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or contact a Lawyer of your choice to address your query in detail.

Related Questions


"LawRato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."



Related Articles