Transmission of shares

What is the Transmission of Shares?

Transmission of shares pertains to the procedure of transferring ownership of shares from the deceased shareholder to their rightful heirs or designated beneficiaries. This differs from the conventional transfer of shares, which constitutes a contract between two parties while both are alive. By comprehending the process of share transmission, one can address lost shares or manage the estate of a departed relative. At Reclaim Shares, we offer specialized support to facilitate this process seamlessly and without complications.

Nevertheless, the loss may be prevented if timely and suitable actions are undertaken. What if you lack that information? Reclaim Shares is aware of the solution. We can also assist you in securing a duplicate share certificate. Reclaim Shares comprises individuals or entities that aid shareholders in claiming their shares in corporations. We can assist you in compiling the requisite documents and submitting the application for a duplicate share certificate.

Documents Required for Transmission of Shares

Death Certificate

An official document certifying the death of the shareholder.

Succession Certificate or Probate of Will

Legal documents proving the right to inherit. It is not possible to complete transmission of shares without succession certificate.

Share Certificates

The original share certificates held by the deceased

PAN Card and Address Proof of Legal Heirs

Identification documents of the heirs

Transmission Request Form

A form provided by the company for initiating the transmission process.

Signature

Specimen signature of the successor.

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