DO WE REQUIRE SUCCESSION CERTIFICATE WHEN A JOINT OWNER EXPIRES?
My Mom and Dad owned a flat...
My Mom and Dad own a flat Mumbai in joint-names,My Dad is the first name enrolled in the Society.My Dad expired 2 yrs back and the Society has transferred the Share to Single owner (my Mom’s name).Now my Mom decided to sell the flat and stay with her daughters and Sons.We did get a buyer and recd 50% of the payment.For the balance 50% he getting his loan processed thru a nationalized bank and deal is almost done.As per bank formalities all doc have been given,now their Legal advisor is asking for Succession certificate,Pls advise if this is required as we have already given an indemnity bond.
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