Dear experts
One of the investor holdinbg some debentures in demat mode. After his death nominee came with a request to transfer such securities to some other person insted of transmitting to his own name. is it possible?
As per Rule 19 of the Companies (Share Capital and Debenture) Rules, 2014, he may either get the securities registered in his own name or transfer the shares to another person as the deceased shareholder could have performed.
Whether above refered provision have any validity in dmaterialised securities.
Kindly clarify.thanks in advance.
CAclubindia
