Transmission of Shares

Transmission of shares takes place in the event of death of the shareholder, leading to transfer of shares to his legal heir.

Members are advised to hold shares in joint names, so that in the eventuality of transmission, the formalities are simpler.

• Transmission of shares held in joint names

• Transmission of shares held in single name

Transmission of shares held in joint names

1. Transmission of electronically held shares
   
   Please contact your DP to know the formalities.
   
   

2. Transmission of physically held shares
   
   A certified copy of Death Certificate of the deceased shareholder, alongwith share certificates, must be submitted to the R&TA. Subsequently, the name will be deleted from the Company's records and the share certificates.

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Transmission of shares held in single name

1. Transmission of electronically held shares
   
   Please contact your DP to know the formalities.
   
   

2. Transmission of physically held shares
   
   For effecting transmission of physically held shares, please arrange to send the following documents to the R&TA :-

   1. Share Certificates in original

   2. Copy of Death Certificate, duly attested

   3. Succession Certificate / Letter of Administration / Probate of Will / Indemnity and Affidavit Form, duly filled. To download Indemnity and Affidavit Form, click here

   4. Specimen Signature of Successor/legal heirs

   5. Copy of PAN card duly attested by the Notary Public/Gazetted Officer/ Bank Manager under their official seal along with address proof.

   6. NOC from other legal heirs

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