for the share holding :
If the certificate is held in joint names and the first holder expires then the certificate has to be registered in the name/s of the remaining holder/s by deletion of the deceased name. Similarly, any of the other joint holders, whether at no. 2 or 3, expires the procedure involved would be of name deletion only.
however, transmission is required in a case where the sole holder expires and the shares needed to be registered in the name of the nominee/ legal heir.
Is the above understanding is correct.?
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