Succession and Inheritance - Inputs on Solutions
Friends:
Below are the key Root Causes for the key Issues related to Succession and Inheritance in India.
Kindly review and propose specific, implementable solutions that will address these issues.
We will then put the whitepaper together and share with key stakeholders.
Succession and Inheritance – Root Causes
1. Laws and provisions for succession and inheritance have not been revised in a long time
2. There is corruption in the judicial system at all levels
3. Succession and inheritance cases are tricky ones which need experienced lawyers
4. Nomination is not mandatory in many accounts
5. Lack of transparency among cross-functional offices
6. There is a lack of commitment in the employees in these departments
7. These offices have very limited digitalization
8. Registration of marriage is not mandatory in India
9. There is no clear definition of "separation"
10. Lack of one stable rule which applies to all religions
11. Banks and mutual funds have different forms & procedures for similar kind of work creating hassles for customers.
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 the key Root Causes for the key Issues related to Succession and Inheritance in India.
Kindly review and propose specific, implementable solutions that will address these issues.
We will then put the whitepaper together and share with key stakeholders.
Succession and Inheritance – Root Causes
1. Laws and provisions for succession and inheritance have not been revised in a long time
2. There is corruption in the judicial system at all levels
3. Succession and inheritance cases are tricky ones which need experienced lawyers
4. Nomination is not mandatory in many accounts
5. Lack of transparency among cross-functional offices
6. There is a lack of commitment in the employees in these departments
7. These offices have very limited digitalization
8. Registration of marriage is not mandatory in India
9. There is no clear definition of "separation"
10. Lack of one stable rule which applies to all religions
11. Banks and mutual funds have different forms & procedures for similar kind of work creating hassles for customers.
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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When succession certificate is issued in respect of any property of the deceased, the process has been prescribed to take care of the following claims, which can only be decided by a court: (a) Will in favour of anyone other than the Successors; (b) Pending taxes to the Government and local authority, which need to be recovered from the Estate of the deceased; (c) Any liabilities of the deceased to be recovered from his estate; (d) Person other than the Applicant(s) claiming to be a successor. more
May 17
For all such un-solvable serious issues of Humanity ; social ; civic ; and constitutionally linked in-equality , biased uniform laws ONLY THE SUPREME COURT OF THE CONSTITUTION COULD DO SOME JUSTICE and for achieving such only there is the need of making available legally , " PUBLIC LEGAL CELLS " for free Legal aid specified under the very Constitution. The legal members in these localcircles.com may kindly have a thought for any possibility of such a Civic need . more
May 17
WHAT IS THE GOVT' GOING TO DO FOR 12YRS. SUFFERING OF THE PEOPLE OF SRIRANGAM FOR THEIR RESIDENTIAL GROUND & THE FORWARD CASTE. MERELY COMMENTING ON IT WITHOUT SENDING THE MESSAGES TO MODIJI WILL NOT WORK OUT.EVEN THE MUSLIMS & CHRISTIANS ARE GIVEN % FOR THEIR LIVING NEEDS FROM YOUNG TO OLD.THE MUSLIMS ARE BETTER TREATED THAN US IN BRINGING RULES ACCORDING TO THEIR CASTE RULES. THEY CAN JUST SAY ' TALAK ' FOR DIVORCE. THE RULES FOR BUYING & SELLING PROPERTY FOR MUSLIMS ARE DIFFERENT FROM OTHER CITIZEN'S OF INDIA.WHY SUCH DIFFERENT BETWEEN THE CITIZENS? GENERAL RULES THAT IS BASIC NEEDS & LIVING SHOULD BE EQUAL TO ALL THE CITIZENS. LET US HOPE FOR THE BEST TO BE A NON-DIFFERENTIAL INDIAN CITIZENS. MODIJI HAD GONE TO MANY COUNTRIES & HE MUST BE KNOWING ABOUT IT BETTER THAN US.LET US PRAY THAT MODIJI MUST TAKE UP THIS PROBLEM SOON & TREAT ALL INDIANS WHO ARE BROTHERS & SISTERS EQUALLY SOON. ' ' ' more
May 16
