Shares not transferred!

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rahul (Querist)

13 December 2009 My grandfather had given my dad some shares of grasim India but they never got transferred in my dads name.My grandfather passed away in 94 and my dad passed away in 2008.
My grandfather left no will. My grandmother is still alive though.

what can i do in this regard.
Please advise.

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)

13 December 2009 You can apply for the transfer of shares in the name of the successor on the basis of the death certificates of your grandfather and also your father. If there are more than one successor, you can distribute them or with the mutual consent of all the successors transfer them to any one amongst you.

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)

13 December 2009 I fully agree with the expert. But for a favourable situation, you should first get the shares transferred first in the name of your grandmother, and then to your account or other successors account. Because, senior citizens get the works done more quickly then others. Its a sentimental but practical truth in India. Pls dont take my words otherwise.

rahul

rahul (Querist)

13 December 2009 thanks for the advice both of u. very helpful.

Regards!

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