Transmission of deceased's shares in physical form

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102 Points Joined February 2022

What's the procedure for transmission of shares of deceased person in physical form to administrators' demate account ?

Is it possible to open a demate account in the name of deceased person on the basis of Certificate of Administration obtained from Bombay High Court? We have his PAN no.? TIA

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On 15 February 2025 at 12:24 Report
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Master in Accounts & high court Advocate
9447 Points Joined December 2011

To transmit shares of a deceased person in physical form to the administrator's demat account, you'll need to follow these steps:

Transmission Procedure 1. *Obtain necessary documents*: Gather the physical share certificates, transmission-cum-dematerialisation form, notarized copy of the death certificate, and a copy of the Certificate of Administration obtained from the Bombay High Court.¹

2. *Update the company records*: Contact the Registrar and Transfer Agency (RTA) to update the name in the company records to reflect the administrator's demat account.²

3. *Dematerialize the physical shares*: Submit the required documents to the RTA or the demat account provider to dematerialize the physical shares.

4. *Credit the shares to the administrator's demat account*: Once the shares are dematerialized, they will be credited to the administrator's demat account.

Opening a Demat Account in the Name of the Deceased Person It is not recommended to open a demat account in the name of the deceased person.

 Instead, you should open a demat account in the name of the administrator or the legal heir, and then transmit the shares to this account.

Additional Requirements - Ensure that the administrator or legal heir has a PAN card, as it is required for opening a demat account. -

The administrator or legal heir may need to provide additional documentation, such as proof of address and identity, to open a demat account. -

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On 16 February 2025 at 23:38
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5 Points Joined March 2025

The process will take some time but rest assured we will be with you at every step, pleased do get in touch with us  eight three one zero six six four one three zero...we are into physical shares services and we  offer free consultancy and expert advice

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On 20 March 2025 at 12:42


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