Transmission Of Shares

Transmission of shares is the transfer of title of shares from a deceased shareholder to a legal heir/beneficiary. Beginning the process, the legal heirs will make an application to the company, supported by the required documents, such as a death certificate plus a legal heir certificate or a probate of a will. The respective company where the deceased was holding shares, would then verify the documents submitted to it and update its records, thereby enabling the transmission of shares without a succession certificate.

The respective documents along with the share certificates are filed with each company in case the deceased shareholder had equity or preference shares in multiple companies to initiate the process of transmission of shares. We invariably keep probing these companies to process the required documents and expedite the process.

To initiate the process for transmission, the surviving joint shareholders need to hold a demat account with depository like NSDL or CDSL. This includes going through all the legal steps the company has to go through. In case shares have already been transferred to the IEPF, then additional documents must be filed with the authority to obtain the shares.

The process of share transmission along with transfer needs extensive time to process while it requires legal compliance with documentation requirements. Our team of experts specialises in executing share transfer and transmission tasks, which provide clients with complete hassle-free service. We deliver customized solutions to all clients who want to transfer property either as legal heirs or investors, whether inherited or purchased.

The legal character of both the transfer and transmission of shares differs even though both operations involve ownership changes. The process of transfer of shares exists as voluntary since shareholders can sell or gift their stocks to other parties at will. The process starts with an agreement between parties followed by the correct execution of a share transfer deed under company laws. The transmission of shares starts from non-voluntary events like shareholder death or insolvency yet follows the inheritance rules of law instead of needing a transfer deed.

Time spent in transferring shares affects both financial decision-making and investment portfolio management processes. Our expert staff actively promotes efficient communication between the company’s registrar transfer agents (RTA) and regulatory bodies to speed up the processing procedures. The process starts with us obtaining know your customer approvals for your application and continuing with government office certification work until your application is complete in a prompt manner to avoid any avoidable wait times.

Expert Guidance: The team possesses comprehensive knowledge about mandatory legal requirements that apply to both voluntary and involuntary share transfers.

Hassle-Free Process: Expert service includes managing all necessary documents while interacting with companies and performing legal requirements.

Personalised Assistance: Our customised solutions match client needs for their distinct scenarios as we provide support through every step.

Quick Turnaround Time: The time-effective processing system at our operation allows us to complete tasks without causing delays.

Comprehensive Support: Our service includes entire support from the first consultation phase to obtaining transfer approval at the finish.