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ADMINISTRATION
BOND UNDER SUCCESSION ACT |
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(UNDER INDIAN SUCCESSION ACT )
KNOW ALL MEN by these presents that we, Mr. ABC,
s/o Late Mr. XYZ residing at
....................... AND............ .......
s/o .......... residing at
....................... (surety for Mr. ABC) do
hereby bind ourselves jointly and severally to
Mr. ....., District Judge
............................ for payment to him
or his successor in office for a sum of
Rs........................
We have signed this bond on this..........day
of.................at ................
Signature...........................
(administrator)
Signature...........................
(surety)
WHEREAS the said District Judge,
Mr..................., was pleased to appoint Mr.
ABC as administrator of the estate of Mr. XYZ,
vide order dated....., on the condition that said
Mr. ABC enters into a bond for the sum of
Rs.............with a surety for the like amount,
for the due collection, distribution and
administration of the estate of the deceased Mr.
XYZ.
AND WHEREAS the said Mr. ABC has agreed to
execute the said bond and the said
Mr............. has agreed to become surety for
Mr. ABC.
NOW THIS BOND WITNESSETH AS UNDER :
The condition for this bond is that if the said
Mr. ABC does and shall, within six months from
the date of granting of the letter of
administration of the estate of Late Mr. XYZ
deceased, or such further time as the Court may
allow, show in the said Court of the District
Judge an inventory, complete in all respects,
containing a full and true estimate of the estate
of the deceased; all credits and all debts due to
or payable by Mr. ABC as administrator; and
shall, within one year from the date of the said
grant, or such further time, as the said court
may allow, exhibit an account of the estate of
the said Late XYZ showing the assets which have
come to his hands and the manner in which they
have been applied or disposed of; and does
administer the estate of the deceased according
to law, paying to such person or persons, as
shall be lawfully entitled thereto, all the rest
and residue of the property, credits and estate
which shall be found remaining upon the said
administration account, then the above written
bond shall stand void but otherwise it shall
remain in full force.
We the parties above have signed this bond on
this..........day of............at ....... in the
presence of the following witnesses.
Witnesses:
1. Name............... Signature
..................
Address............
(Administrator)
2. Name............... Signature
..................
Address............
(Surety)
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| ABSOLUTELY
NO WARRANTIES ARE MADE REGARDING THE SUITABILITY
OF THESE FORMS FOR ANY PARTICULAR PURPOSE. IT IS
ADVISABLE THAT IMPORTANT DOCUMENTATIONS ARE
PREPARED OR VETTED BY EXPERT. LEGAL ADVICE OF ANY
NATURE SHOULD BE SOUGHT FROM COMPETENT,
INDEPENDENT, LEGAL EXPERT IN THE RELEVANT
JURISDICTION. |
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