Transmission of Shares Upon Death
Facilitating the transfer of shares from the deceased shareholder's name to the legal heirs or nominees, based on the provided succession documents.
The Investor Education and Protection Fund (IEPF) was established by the Central Government to safeguard investors’ interests and raise awareness about financial matters. Created under Section 125 of the Companies Act of 2013, the IEPF collects unpaid or unclaimed funds from investors and utilizes these resources for various objectives outlined in the Act.
SERVICES PROVIDED IN THE TRANSMISSION OF SHARES:
Facilitating the transfer of shares from the deceased shareholder's name to the legal heirs or nominees, based on the provided succession documents.
Assisting in the process of verifying and establishing the rightful legal heirs through legal documents, such as a probate, will, or succession certificate.
Facilitating the transmission of shares in cases of marriage, divorce, or change in the name of a shareholder due to legal reasons.
Updating the company’s shareholder register and Demat accounts after the completion of the transmission process to reflect the new owner.
Providing necessary NOCs or approvals from relevant parties when required for completing the transmission process.
SERVICES PROVIDED RECOVERY OF SHARES AFTER DEATH:
Facilitating the transfer of shares from the deceased shareholder's name to the legal heirs or nominees, based on the provided succession documents.
Assisting in the transfer of shares when a shareholder becomes mentally incapacitated, to a legal guardian or representative.
Issuing new share certificates in the name of the legal heir or nominee after the successful Recovery of shares after death.
SERVICES PROVIDED IN THE NAME DELETION OR CORRECTION OF SHARES:
SERVICES PROVIDED IN THE ISSUE OF DUPLICATE SHARES:
Assisting in submitting a formal request to the company or its Registrar and Transfer Agent (RTA) for issuing a duplicate share certificate in case the original is lost, damaged, or destroyed.
Verifying the shareholder's details and confirming ownership to prevent fraudulent claims before issuing a duplicate share certificate.
Notifying the shareholder when the duplicate share certificate has been issued and sent, ensuring they are aware of the new certificate's details.
Assisting in preparing the affidavit and placing a public notice in the newspaper (if necessary) to alert the public of the lost share certificate and to prevent fraud.
Ensuring that the shareholder's records in the company’s books and the depository (if applicable) are updated to reflect the issuance of a duplicate certificate.
In the early days of investing, people used physical share certificates. When investors bought shares or debentures, they received these in paper form. However, keeping these paper certificates safe was a challenge. They could easily get lost, damaged, or worn out. For example, moving from one place to another could result in misplaced certificates, or over time, they could just wear down and become unusable.
We know how frustrating it can be to deal with unclaimed shares in physical form. Our mission is to help you recover lost or unlisted shares so that you can access your investments without worry. Don’t let the problems of physical certificates hold you back—let us assist you in reclaiming your financial assets easily!