The Kerala High Court recently refused to grant Legal Heirship Certificate to the wife and daughters of a man who had gone missing in the year 2002, and could not be found since. Justice Devan.
Transferring property to the legal heirs can often be a complicated and confusing process, especially in cases where the owner is deceased. Then you have managing committees in a society, who sometimes refuse to transfer the flat without a succession certificate.
Seeking to put in place a stricter regulatory framework for collective investment schemes, markets watchdog SEBI has decided to enhance the net worth criteria and track record requirements for entities managing such schemes.