Hi All,
My dad had few shares of Reliance Capital, Reliance Power in physical form.. (got to know that you need succession certification only if share value is more than 1 lakh hence not appliable for me).
He is deceased now. As per the procedure for transmission of shares (document contining the procedure is available at https://www.docstoc.com/docs/27071190/TRANSMISSION_form[1] ) in page 1 point no. 3. it says that "The NJSP,s/SAS should be purchased in the name of 1st Legal Heir".
Is my mother the 1st Legal Heir?. Our family comprise of my mother and her 4 childern.
As i being one of the child plan to transfer the shares in my name with everybody's concent as I have a demat account.. In that case, can I be the 1st Legal heir or can my mother only be the legal heir?
Thanks & Regards.