When it comes to handling inherited or jointly owned shares, many investors face confusion regarding legal procedures and documentation. Whether you’re trying to convert physical shares to demat or follow the shares transmission procedure, having a clear understanding can save time and avoid unnecessary delays.
✅ What is Shares Transmission?
Shares transmission refers to the transfer of shares from a deceased shareholder to their legal heir or nominee. Unlike a sale (transfer), transmission happens by operation of law and does not attract stamp duty.
Key Documents Required:
- Death certificate of the shareholder
- PAN card of legal heir/nominee
- Succession certificate/Probate/Will (if no nominee is registered)
- Transmission request form (TRF)
- Client Master Report (CMR) from the demat account
📩 How to Convert Physical Shares to Demat?
If you still hold physical share certificates, it’s essential to dematerialize them. Physical shares are no longer eligible for trading or transfer without converting them to electronic form.
Steps to Demat Physical Share Certificate:
- Open a demat account with a depository participant (DP)
- Fill out the demat request form (DRF)
- Submit original physical share certificates to your DP
- Shares will be verified and credited to your demat account
💡 Why Demat is Crucial Today?
- Ensures safe storage of securities
- Eliminates risk of loss, theft, or damage of physical certificates
- Facilitates easy trading and transmission of shares
- Saves time and simplifies management
📝 Get Expert Help with ShareClaimers
The entire shares transmission procedure or demat of physical share certificate can be tedious without the right guidance. At ShareClaimers, we simplify the process by offering:
- End-to-end document assistance
- Coordination with registrars and depository participants
- Legal support for succession matters
📞 Start Your Transmission or Demat Process Today!
Don’t let legal and technical hurdles delay your rightful ownership of shares. Visit ShareClaimers or contact our experts to begin your shares transmission or demat conversion journey now.
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