Bond 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