If you’ve recently lost a loved one who held shares in a company, you might be wondering how to get those shares transferred to the rightful heir. This process is known as the Transmission of Shares—and though it may seem complicated, expert help can make it smooth and stress-free.
At Share Claimers, we help individuals and families across India complete the Shares Transmission Procedure efficiently and legally, including Demat of Physical Share Certificates.
✅ What is Transmission of Shares?
Transmission of Shares refers to the legal process of transferring ownership of shares from a deceased shareholder to their legal heir or nominee. Unlike transfer of shares (which is voluntary and involves sale/gift), transmission happens by operation of law due to death, insolvency, or inheritance.
📋 Shares Transmission Procedure – Step by Step
Here’s a simplified view of the process:
- Obtain a Death Certificate – This is the primary legal proof required.
- Gather Legal Documents – Including a Succession Certificate, Probate, or Letter of Administration (as applicable).
- Submit a Transmission Request Form – To the company’s RTA (Registrar & Transfer Agent).
- Demat the Shares (if in physical form) – Physical shares need to be converted into demat form for ease of handling and future transactions.
📌 Why Demat of Physical Share Certificates is Important
Many shareholders still hold paper-based physical share certificates, which are prone to loss or damage. During transmission, converting these to demat form is essential for:
- Legal clarity and transparency
- Easy future sale or transfer
- Elimination of fraud risk
Share Claimers offers full support for Demat of Physical Share Certificate along with transmission services.
👨⚖️ Legal Help You Can Trust
Transmission often requires legal backing like a Succession Certificate or Probate, especially when there is no nominee. Our team at Share Claimers ensures:
- End-to-end documentation support
- Liaison with RTAs and Depositories
- Expert legal guidance and timely processing
Comments