Demat shares received form parents can be transfered to children

Jayesh B Khimani (Querist) 18 May 2015 This query is : Resolved
My Mother has recently expired. She has as per her Unregistered Will wished to give her Shares in Demat form to me. I am yet to receive that. My question is whether i can transfer those shares or part of those shares
to my son upon receiving in my account ? If yes how soon i can transfer the smae ?

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Guest (Expert) 18 May 2015
Vague query!

You have not yet reached even the first step of the staircase and have asked, what to do after reaching top of the building.

Your question is quite premature. First get the shares transferred in your own name and then ask such a question.

Rajendra K Goyal (Expert) 18 May 2015
First get the shares transferred in your name.

Anirudh (Expert) 18 May 2015
You can transfer the shares to your son's demat account, immediately after you receive the same in your demat a/c.

malipeddi jaggarao (Expert) 19 May 2015
First you get it transferred in your name. Then you can transfer in your son's name.

Dr J C Vashista (Expert) 20 May 2015
I agree with experts advise.

T. Kalaiselvan, Advocate (Expert) 21 May 2015
Yes after receiving it in your account, if you are so much keen to transfer the same to your son's demat account, nobody can stop you from doing so.

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