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of <h1>Company Liquidator May Pay Deceased Creditor's Dividend Under 1 Lakh with Family Certificate, No Succession Certificate Needed.</h1> In cases where a dividend or return of capital is due to a deceased creditor or contributory and the amount is one lakh rupees or less, the Company Liquidator can apply to the Tribunal for payment authorization without requiring a succession certificate. Instead, the claimant must provide a Family Member Certificate from a competent authority. If the Tribunal approves, the Liquidator will make the payment after obtaining a personal indemnity and a stamped affidavit from the payee.
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