Transmission of shares to legal heirs

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2010 My father was promoter director of a ltd. co. He died 10 yrs back and subsequently shares were transmitted to my mother. My mother expired 1 yr back and we never had physical shares with us. My mother expired but left an unregistered will to my and my sister's favor. Now I (as son) want to request company to transmit the shares to my name (my sister is ready to give NOC).
Query:
1. Should I first ask co. to issue physical shares or I can directly send request for transmission.
2. Is probate of will mandatory along with application for transmission
3. What other documents shall be required to be submitted to co.

kindly advise

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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09 June 2010 You may send a "Letter of Request" to the company for transmission of shares. The company in turn will inform you ,as per the company's "Articles Of Association", the documents requried for transmission of shares. Normaly, probate / letter of administration / succession certificate and death certificate are required.

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