Transmission of deceased's shares in physical form

Issue	Answer
Will you get ~9000 L&T + 800 UltraTech?	✔ Yes, you are entitled to all resultant shares
If some are with IEPF?	✔ Must file IEPF-5; RTA will not transmit those
Is LoA alone enough?	✘ No. LoA + Transmission + IEPF-5 required
Will all shares be credited to demat?	✔ Yes. Transmission is only in demat form now

Issue

Answer

Will you get ~9000 L&T + 800 UltraTech?

✔ Yes, you are entitled to all resultant shares

If some are with IEPF?

✔ Must file IEPF-5; RTA will not transmit those

Is LoA alone enough?

✘ No. LoA + Transmission + IEPF-5 required

Will all shares be credited to demat?

✔ Yes. Transmission is only in demat form now

The LoA does not, by itself, ensure that the shares will be transferred or released. It establishes your authority to represent the estate, but the company/RTA will still require its prescribed transmission claim, supporting documents and any additional indemnity, affidavit or succession documents applicable to the case. The LoA should identify the deceased and the securities adequately; if it records 2,000 L&T shares held in 1996, ask the RTA to confirm the current entitlement after applicable corporate actions.

L&T’s present share count may differ because of splits, bonus issues or other corporate actions. Obtain the deceased’s folio and old certificates/details, then ask L&T’s RTA for a holding and corporate-action reconciliation.
If shares or related dividends were transferred to IEPF, a separate claim to IEPF is generally required after the company/RTA completes the relevant verification and issues its confirmation. A LoA alone is not the IEPF claim.
For Ultratech, make the same check with its RTA. Confirm whether the 800 shares, and any related dividends, remain with the company or have been transferred to IEPF; the claim route depends on that status.
Ask each RTA for its current document checklist and whether the LoA is acceptable for transmission. The exact entitlement cannot be confirmed from the 1996 figures alone.

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