SECURITY BOND FOR GRANT OF SUCCESSION CERTIFICATE (SECTION 375, INDIAN SUCCESSION ACT)

SECURITY BOND FOR GRANT OF SUCCESSION CERTIFICATE

(SECTION 375, INDIAN SUCCESSION ACT)

KNOW ALL MEN that we, JN, s/o Late GP r/o ………………… and Mr. NK, s/o …………………… r/o …………………… (Surety for Mr. JN) bind ourselves jointly  and severally to Shri JP, Distt. Judge, ……………………. for payment to him or his successor in office of the sum of Rs……………

We have signed this bond on  this………day of…………at ………………….

                                                                        Signature………………….

                                                                                                Administration

                                                                                   

                                                                        Signature………………….

                                                                                                Surety

Whereas  the Court  of the said  District Judge, Mr. JP, has passed the order on the day of………and has granted the succession  certificates in favour  of the said Mr. JN to the estate of Late JN deceased on the condition that said Mr. JN execute a bond with one surety of Rs………..

            And whereas the said  Mr. JN has agreed to execute the bond for the said Rs………..and the said Mr. NK has agreed to enter into the above bond as surety for said Mr.  JN.

NOW THIS BOND WITNESSES AS UNDER:

            Now the condition of the above bond is as under:

1.    That the said Mr. JN shall prepare  an inventory of the property of the deceased within six months form the date of the execution of the bond.

2.    That the accounts of the  debtor and creditor shall also be prepared by the said Mr. JN.

3.    That the said Mr. JN shall indemnify the person  who may be entitled to the whole or any part of such debts.

4.    That if the above condition is satisfied  then the bond  shall remain in force, otherwise the bond shall be void.

We the above mentioned  parties have signed  this bond on this……….day of ………after fully understanding  the contents of  this bond in the presence of the  following  witnesses.

Witnesses:

1.         Name…………..                                                                   Signature …………..

            Address…………                                                                             Successor

2.         Name…………..                                                                   Signature ………..

            Address…………                                                                             Surety