Legal Question in Real Estate Law in India

Indemnity Bond

Before death First Holder of the Flat had already Nominated 4 Nominees by submitting Form No. 14 for Nomination.

1. Now,after his death, do the nominees required to file ''Indemnity Bond'' to claim deceased person's share in the Flat property ?

2. From where to get the said ''Indemnity Bond'' ?

3. Do the same reqd. to be notarised or submitted on stamp paper ? If yes of what amt.of stamp. ?


Asked on 7/23/08, 6:57 am

1 Answer from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

Re: Indemnity Bond

Kindly check with secretary of the society for the formalities to be completed.

I believe that you must be aware that nominee is merely a trustee of heirs of the deceased. As such, question of share of nominee in the estate of deceased does not arise.

In Maharashtra State, stamp duty for Indemnity Bond is Rs.200/-. Proforma of Indemnity Bond will be available with the secretary of the Society.

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Answered on 7/24/08, 2:13 am


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