Transfer of shares of a deceased shareholder

Others 931 views 3 replies

ashish

Others

25 Points Posted on 26 February 2013

I would like to seek your guidance on a problem my uncle is facing.

The facts are: My uncle had purchased a number of shares of a particular company and he died 12 years back leaving no will. He has one son and his wife is still alive.

How can those shares be transferred to his son's name? What is the procedure to be followed? The family is aware of the number of shares they are having and also have the folio number but the share certificates have been lost.

So how can those shares be transferred to his son's name ? Please advise.

Replies (3)

CA, CS(Professional) ROHAN

B.com CA CS Sr officer -Finance & MIS

309 Points Posted on 26 February 2013

u need to contact the share transfer agent of the company .The details of the agent will be available on the company website.You need to write a letter or contact the R&T agent and they will provide the prescribe procedure for the same.The agent will provide you he list of documents required for transfering the said shares.

ashish

Others

25 Points Posted on 26 February 2013

But the share certificates are not available. How to get the same ?

CA, CS(Professional) ROHAN

B.com CA CS Sr officer -Finance & MIS

309 Points Posted on 27 February 2013

only the transfer agent associated with the company can help you in this case.As i have mentioned that you need to write a letter to the company /company share transfer agent clearly mentioning the folio nos of the shares available and mentioning specifically the loss of share certificates.Post that they will verify the name and folio nos of the holder as per their members register and accordingly reply you with the procedure for applying for fresh share certificates and subsequentlu getting it transferred and converting it to demat form.