Dear Madam,
Procedure for Transmission of shares in case of death of shareholder:
- Share Certificate(s) along with the necessary documents to be sent to the Share Transfer Agent.
- If shares held in joint names, other joint holders to provide:
- death certificate, in original or copy thereof duly attested by competent authorities (magistrate, notary public, gazetted officer, managers of nationalised banks)
- transfer deed or request on plain paper, without affixing stamp duty, duly signed by the surviving joint holder(s)
- share certificate(s) in original
- If shares held in single name, legal heir(s) to provide:
- probate of will
- where deceased shareholder has not left any Will, succession certificate or letter of administration.
- death certificate, in original or copy thereof duly attested by competent authorities (magistrate, notary public, gazetted officer, managers of nationalised banks)
- transfer deed or request on a plain paper, without affixing stamp duty, duly signed by legal heir(s)
- share certificate(s) in original
- Where the Company, at its discretion (if the shares involved are not more than 100) waives requirement of production of Succession Certificate or Letter of Administration, legal heirs to provide:
- letter of indemnity
- affidavit
- no-objection letter
- death certificate, in original or copy thereof duly attested by competent authorities (magistrate, notary public, gazetted officer, managers of nationalised banks)
- transfer deed or request on a plain paper, without affixing stamp duty, duly signed by legal heir(s)
- share certificate(s) in original
No Objection Letter Format attached below.