I have some queries regarding share of liquidated company.
We have Shares of Industries and Mazada Ltd 100 no. Company is in liquidation. We want to sale these shares and encash the same. We have physical share certificates in the name of father, which was expired in 2004.
12 August 2025
Steps to Sell Shares of a Liquidated Company with Physical Certificates 1. Check the Liquidation Status Confirm if Industries and Mazada Ltd is indeed under liquidation.
Identify the Liquidator appointed by the company or court handling the process.
Sometimes, shares in liquidation become worthless, but if there is any residual value, it can be realized through the Liquidator.
2. Transmission of Shares (Due to Death of Shareholder) Since the shares are in your father's name (deceased 2004), you need to get the shares transmitted to your name or legal heir's name.
Contact the Company's Registrar and Transfer Agent (RTA) for the transmission process.
You will typically need to submit:
Death certificate of your father
Legal heir certificate or succession certificate
Share certificate(s)
Form SH-4 (Transfer deed)
KYC documents (ID, address proofs)
No-objection certificate or consent if applicable
3. Permission from Liquidator Since the company is under liquidation, the Liquidator's permission is needed for transfer or sale of shares.
Contact the Liquidator for the procedure to either transfer or encash shares.
The Liquidator will inform if the shares have any value or dividends pending.
4. Sale or Encashment of Shares If shares have value, the Liquidator might:
Facilitate the sale through auction or private sale.
Pay you the realizable amount after liquidation expenses.
If shares are worthless, you might only be able to claim a loss.
5. Tax Implications Any sale proceeds from shares are subject to Capital Gains Tax.
Keep records of:
Date of purchase (if available)
Date of sale
Sale consideration
Important Notes: If shares are not dematerialized, you may want to demat shares after transmission for easier transfer/sale.
If the liquidation process is over and company is dissolved, shares might be worthless, so confirm status carefully.
Consult a legal expert or company secretary for help with transmission and sale under liquidation.