Service
Transmission of Shares
Transferring shares to legal heirs after the demise of the original holder.
Understanding Transmission
"Transmission" depends on how the shares were held (Single, Jointly, or with Nominee) and the value of holdings.
- Deletion of Name: If one joint holder passes away, the name is removed, and the survivor becomes the sole owner.
- Transmission with Nominee: Easier process where shares move to the registered nominee.
- Legal Heir Transmission: If no nominee exists, legal heirs must claim it. This often requires a Succession Certificate or Probate if the value is high.
How we help
We provide sensitive and structured support during this time.
- Coordination within the family for No-Objection Certificates (NOCs)
- Drafting of Affidavits and Indemnity Bonds
- Liaising with lawyers for Succession Certificates (if required)
- Filing documents with the RTA/Company
Documents typically required
- Death Certificate (Original or Notarised)
- PAN Cards of Claimant and Deceased
- Legal Heir Certificate / Succession Certificate (for large values)
- Original Share Certificates