No objection certificate from nri -legal heir required for transmission of eq.shares
Querist :
Anonymous
(Querist) 13 September 2011
This query is : Resolved
No Objection certificate from N.R.I. (legal Heir) required for transmission of Eq.Shares
--Required by Bank in India
How to get No Objection certificate from NRI -legal Heir required for transmission of Eq.Shares
MY father expired leaving behind legal heirs and one legal heir is living in U.S. The Equity shares in the name of my father is to be transferred to my mother/widow. So,as per Banking rquirements No- objection- certificate by other legal heirs is to be submitted in favour of my mother along with I.Bond, etc. The legal heirs living in India will do so, no problem. The problem is that how to get No-objection-certificate from the NRI legal heir. what is the procedure for this.?
1) I want to know that if N.O.C. document is to be stamped in foreign country at the indian embassy in that country ?
2) What document sheet - like stamp paper ( like 10/. stamp paper). to be used for the affidavit ? Since in india the affidavit for N.O.C. like in the above case is to made on 10/. stamp paper.
3). How the indian authorities can find the authenticity / truthfulness of the affidavit made in foreign country ?
prabhakar singh
(Expert) 13 September 2011
The one consolidated answer is this that prepare a n.o.c. like one of yours in his individual name and send it to him directing him to get his signature attested at embassy on such n.o.c.,which shall be presumed to be correct by authorities here ,and if they suspect ,they have right of verification by writing to embassy.
