Hi,
I am from Mumbai. My father died intestate in 2002. He left behind his wife and me, his only child.
He has some equity shares of a company which are currently in physical form. There is no nomination in the shares and he was the sole owner of the shares. The value of the shares is very low currently. Other than these shares, no other asset is left on his name. We have been able to get the rest of his assets transferred to our name as nomination was there in place.
I had contacted the company whose shares my father has and they have asked for a Succession certificate or Legal Heir certificate.
I read online that Succession certificates usually take about 6 months or so, and hence I do not want to go about making that.
Would like to know:
1. How much time does it take to prepare a legal heir certificate?
2. Will 2 legal certificates be required (1 for my mother and 1 for me)? Or, will only 1 be sufficient where both our names are mentioned.
3. What is the cost of making 1 legal heir certificate?
4. What is the procedure for making the certificate? If I need to approach a particular office, then please help me with the location / address of the same.
5. What documents will we need to furnish?
Any response would be appreciated.