Transfer of Share of deceased person without nomination

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If someone has passed away without nominating a legal heir for their shareholdings, the process of transferring these shares can still be completed. You'll need to apply directly to the company or its registrar, providing the original share certificates, the deceased's death certificate, and the successor's PAN card and proof of address. Additionally, a legal heir certificate obtained from the relevant revenue authority is typically required.

Henil Babariya

Henil Babariya (Querist)

24 May 2022 Mr. A died 10 year ago without nomination of his holding in favor of his legal heir and he holds shares in certificate form. Then what is the process of transmission of shares.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

24 May 2022 Procedure to change name on Physical Shares of a Deceased
You should write an application to the Company to change the name on the Share Certificates. This application for change of name shall be submitted to the Registrar and Transfer Agent or to the Share Department of the Company.
The following documents are also required to be submitted along with the application for change of name:-

Physical Share Certificates
Death Certificate of the Deceased
PAN Card of the Successor
Transmission Request Form
Attested Signatures by Banker of the Successor
Proof of Address of the Successor
Any other document as required by the Company

Henil Babariya

Henil Babariya (Querist)

24 May 2022 Thanks Seetharaman sir for your valuable reply

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

24 May 2022 You are welcome. Enclose legal heir certificate also.

Henil Babariya

Henil Babariya (Querist)

24 May 2022 Sure sir, can you provide draft format of legal heir certificate.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

24 May 2022 Certificate obtain from jurisdiction revenue authority. They issue in their own format.