|
|
|
Message Board >
Understanding Transmission of Shares
Understanding Transmission of Shares
Page:
1
Sujoy
2 posts
Nov 06, 2025
11:13 PM
|
When a shareholder passes away, the ownership of their shares does not end — it legally passes to their legal heirs or nominees. This process is known as the Transmission of Shares. Unlike the transfer of shares (which involves a sale or exchange), transmission happens by operation of law due to the death, insolvency, or mental incapacity of the shareholder.
In the case of demat shares, the nominee can approach the Depository Participant (DP) with the death certificate and KYC documents to initiate the transmission. For physical share certificates, the legal heir must submit an application for transmission along with the death certificate, succession certificate, PAN, and identity proof to the company’s Registrar and Transfer Agent (RTA).
Once verified, the company cancels the old share certificates and issues new ones in the name of the rightful heir or nominee.
Timely initiation of the Transmission of Shares process is important to avoid complications such as unclaimed dividends or transfer to the Investor Education and Protection Fund (IEPF). Seeking professional guidance ensures all documents are correctly prepared and the process is completed smoothly.
Proper understanding and execution of transmission procedures help safeguard the financial legacy of the deceased shareholder and maintain rightful ownership within the family.
Visit here:https://investorlink.in/transmission-of-shares
|
Post a Message
www.milliescentedrocks.com
(Millie Hughes) cmbullcm@comcast.net 302 331-9232
(Gee Jones) geejones03@gmail.com 706 233-3495
Click this link to see the type of shirts from Polo's, Dry Fit, T-Shirts and more.... http://www.companycasuals.com/msr
|
|
