LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Nirmitkumar (Student)     04 September 2017

Death of share holder

Hello sir
My case is where the share of various companies where in single name holding and the holder is no more.  We had applied for a succession certificate from the court in the joint name of wife and daughter of Share holder.

The court proceedings took a while and in the mean time one of the applicants of succession certificate also passed away. 

Now my question is can the Shares and Demat Holding of Original share holder be transferred to Second joint holder or i will have to prepare a new succession certificate for the same. 



Learning

 1 Replies

Siddharth Srivastava (Advocate)     04 September 2017

No fresh petition is required to be filed. Move necessary application under order 23 CPC to Implead the legal of deceased petitioner along with death certificate. Th court will pass necessary order and the case will proceed accordingly. Sidharth 9811776422

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register