Valuation listed equity shares succession certificate
Deepi Saini
(Querist) 07 August 2022
This query is : Resolved
Payment of Court fee for Succession Certificate is governed under Article 12 Schedule 1 of Court Fees Act,1870. However there is no clarity on how to do valuation of listed Equity Shares. Is valuation done as per FACE VALUE of shares or market value on the date of application made or market value on the date order is passed? Please share your views and experience on it.
kavksatyanarayana
(Expert) 26 May 2024
The court levies a fixed percentage (2-3%) of the value of the securities/movable properties as a court fee for issuance of the certificate, and the same is required to be paid at the time of issue of the Succession Certificate by the Court.
