Acceptance of u.k.succession certificate i
Keshav Ramaprasad
(Querist) 19 April 2016
This query is : Resolved
Dear Sir,
My friend is a British National of Indian Origin. His wife also a British National died in London. She had only few shares in an Indian Company in her sole name. She died intestate. He is applying for a succession certificate in London and under English law he shall inherit the shares as their value is much less than GBP 250,000.
My question is if he produces this certificate to the Registrars of the Indian company will they accept it and transfer the shares?
What is to be done for the certificate to be made acceptable in India?
I thank you in advance.
Kehav
P. Venu
(Expert) 21 April 2016
Have you applied for transfer?
Keshav Ramaprasad
(Querist) 21 April 2016
Unless Succession Certificate is produced to the Share Registrars of the Indian Company transfer can not be effected.
The question is since the Certificate will be applied for and issued in the UK what is to be done for the certificate to be made acceptable to the Registrars in India?
I wish to add that only assets the deceased possessed in the UK or in India are these Indian Company shares.
Thank you
