About this Document:
Submission of an Administration-cum-Surety Bond is a statutory necessity for any person to whom the grant of letter of administration in respect of a Will is committed by way of a judgment on the culmination of probate proceedings by the Court of competent jurisdiction under The Indian Succession Act, 1925.
This is a Bond, which is to be given to the District Judge (as per law) with one or more surety or sureties as the Court may direct by way of the rendering of the Judgment, for due collection, getting in and administering the estate of the deceased, whose Will has been the subject matter of the probate proceedings.
The District Judge essentially demands this bond from every person to whom probate is granted.
We have also provided for an Affidavit to be filed by the person standing as Surety in support of the Administration-cum-Surety Bond.
Who will use this document?
Any person to whom, grant of letter of administration in respect of a Will is committed by way of a judgment on the culmination of probate proceedings in a Court of competent jurisdiction.
Key features:
· Designed to commensurate with the requirements of appropriate provisions in The Indian Succession Act, 1925;
· Provides a complete framework;
· Standard documents to meet statutory provisions;
· Detailed notes that help you execute the bond and Affidavit;
This document includes provisions for:
· Appropriate legal provisions - warranties, exclusions, indemnities, etc.;
· Terms of settlement that appropriately protect both parties;
· Warranties and representation of the executant and surety;
· Specific reference to judgment, Will and name of deceased;
· Identification proof of the surety;
