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Transfer of shares of deceased shareholder of private company

anita (trainee) (478 Points)

28 September 2021  

Can a deceased share holder's shares be transferred to his wife on the production of his death certificate and a letter from other class 1 heirs to transfer shares in her name ?


 1 Replies

Chirag (Professional) (1151 Points)
Replied 07 October 2021

Death Certificate + Indemnity as decided by Board + Succession Certificate + Probated Will Copy ...On case to case basis it may be on the discretion of company NOC + Affidavit+ Indemnity + Relinquishment may be taken from other legal heirs ,,,it's always recommended to do nomination

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