My grandfather owned a chunk of shares in a reputed textile mills. He had 3 sons (one being my father) and 4 daughters. When my grandfather passed away, his children, being the legal heirs, decided to split equally the shares as 7 and got the necessary transfer certificates ready. Unfortunately, my father passed away before the documents could be sent to the mills. He has already signed in the documents. My relatives want to proceed with the already existing documents and are then asking me to contact the mills and transfer it to my mother's/my name. Kindly advise me on how to proceed on the same. Is it lawful to transfer shares in the name of a deceased or should a new set of documents be made ready? If not lawful, kindly point me to sections of acts/documents so that I can quote those references to talk to my relatives.
