Section 19F of CFA : Section 19F: Administrator To Give Proper Security Before Letters Stamped Under Section

Explanation using Example

Imagine a person named John who recently passed away, leaving behind an estate. His sibling, Michael, applies for letters of administration to manage John's estate. Initially, Michael underestimates the estate's value and pays a lower court fee than required. When the mistake is discovered, the court asks Michael to pay the correct fee as per Section 19E of the Court-Fees Act, 1870. However, before the court stamps the letters of administration with the corrected fee, Section 19F mandates that Michael must provide additional security to the court. This security ensures that Michael will manage the estate in accordance with legal requirements, considering the now-ascertained full value of the estate. This security could be in the form of a bond or a guarantee from a third party, ensuring that Michael administers the estate responsibly and in compliance with the law.