National Savings Certificates: payment to heirs allowed without probate when no nomination exists and amounts fall within prescribed limits. If a Savings Certificate holder dies without an effective nomination and probate, letters of administration, or succession certificate are not produced within three months, the specified postal authority may pay sums where the aggregate due does not exceed one lakh rupees to any person appearing entitled; a Table designates competent authorities and monetary limits for sanctioning such claims without production of testamentary or succession documents.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
National Savings Certificates: payment to heirs allowed without probate when no nomination exists and amounts fall within prescribed limits.
If a Savings Certificate holder dies without an effective nomination and probate, letters of administration, or succession certificate are not produced within three months, the specified postal authority may pay sums where the aggregate due does not exceed one lakh rupees to any person appearing entitled; a Table designates competent authorities and monetary limits for sanctioning such claims without production of testamentary or succession documents.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
