What is the procedure for transfer of Shares of Deceased person, the details are as under :
The Shares are in the name of wife, and after her death, the shares has been transferred to her husband, but there is problem in transferring Bonus Shares issued to her by the company, the company ask for Legal Heir Certificate or Probate of Will (As per Will, wife bequeath all her movable & moveable properties in the name of her husban, the Will is notarized).
All the documents such as Death Certificate Indemnity Bond, Affidavit, Noc from other members, identity proof etc. has been submitted and the matter is pending only for want of legal heir certificate.
The question is : The bonus share valued at Approx. 30000-35000 /-, what is the limit upto which legal heir certificate should not required to be submitted for transfer of physical shares of deceased person
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