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  • Annexure 7 - Noc Cum Declaration From Co-parceners For Deletion Of Name Of Existing Karta And

Get Annexure 7 - Noc Cum Declaration From Co-parceners For Deletion Of Name Of Existing Karta And

Annexure 7 NOC cum Declaration from coparceners for deletion of name of existing Karta and appointment of New KartaDate:ToThe Branch Manager BranchSir/MadamRef: Savings / Current Account No. of HUFI/We.

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How to fill out the Annexure 7 - NOC Cum Declaration From Co-parceners For Deletion Of Name Of Existing Karta And online

Filling out the Annexure 7 form is an essential step for co-parceners seeking to update the records with the bank after the passing of an existing Karta. This guide provides clear instructions to ensure accurate completion of the form online.

Follow the steps to fill out the form correctly.

  1. Click 'Get Form' button to obtain the form and open it in your preferred editor.
  2. Begin with the date field at the top of the form. Enter the date you are filling out the document.
  3. Address the form to the Branch Manager by writing the branch name where the account is held.
  4. In the reference section, specify the Savings or Current Account number along with the name of the Hindu Undivided Family (HUF) associated with it.
  5. In the declaration section, you must state your relationship to the existing Karta, who has passed away, and provide the date of passing. Attach a copy of the death certificate as an enclosure.
  6. Mention the name of the new Karta, specify their relationship to the deceased Karta, and affirm they are the surviving eldest male coparcener of the HUF.
  7. Request the deletion of the deceased Karta's name from the bank's records and provide details of the HUF account that the new Karta will manage.
  8. Ensure that all co-parceners sign the document for confirmation of their consent to delete the existing Karta's name and appoint the new Karta.
  9. Finally, review the completed form, save changes, and choose to download, print, or share the document as needed.

Complete your documents online to maintain accurate records and ensure a smooth transition.

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Answer: Under the Hindu laws the senior most adult coparcener becomes karta of the HUF. The same rule applies to the appointment of Karta after the death of an existing Karta.

(Name of Karta) hereby declare that I'm the karta of the HUF …………….………..… (Name of HUF) and following persons are Co-Parceners of this HUF. 2. We all the below mentioned coparceners declare that we are the only members of Joint Hindu Undivided Family named...............................

If the karta passes away, leaving behind only his wife and minor children, the wife can act as a manager of the HUF till the oldest child reaches the age of majority. This allows her to manage the business, maintain property, and file taxes, but she is not authorised to sell or borrow against the HUF assets.

They must submit a FORM 40, which can be downloaded from the website of the Income Tax Department. They must also submit the following documents: An original copy of the death certificate of the deceased Karta, duly attested by a Notary Public or by a Gazetted Officer.

(Name of Karta) hereby declare that I'm the karta of the HUF …………….………..… (Name of HUF) and following persons are Co-Parceners of this HUF. 2. We all the below mentioned coparceners declare that we are the only members of Joint Hindu Undivided Family named...............................

It added that while a HUF cannot have two Kartas, but the duty of management can be performed by another Coparcener in given circumstances. Furthermore, the court observed that the rights of the members in a coparcenary remain unaffected even when a female coparcener acts as its Karta.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232