Transfer of Shares in a private limited company

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Querist : Anonymous

Querist : Anonymous (Querist)

08 September 2010 please let me know, what is the requirement for transfer of shares of a private limited company as per Table A when there is death of the shareholder and no nomination has been done.

SANJAY TALATI

SANJAY TALATI (Expert)
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08 September 2010 First of all , check up whether the AOA of your company contains the procedures for transmission of the shares in case o the death of the members.

Regulation 25 to 28 of the Table A of Schedule contains the regulations relating to the transmision of shares.

Take a simple application from the legal representative alongwith the following documents :

(i) Certified copy of the Death cert.
(ii) Probate/Succession certificate
(iii) Specimen signature of the Successor.

If a member of the company dies leaving the "will", then obtain a copy of the wioll duly certified by the court of Competnent Jurisdiction. In case no will is there then the sucession certificate certified by the court will suffice.

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