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On death of a shareholder, his brother being the sole legal heir demands for transfer of shares in his name. What is the procedure and documents that are required to be produced??

Section 56- Transfer and transmission of securities.

Posted By: Akjain 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    s.m.a.millath

It amounts to transmission of share. Either succession certificate or legal heir ship certificate from appropriate authorities have to be produced with indemnity bond to effect the transfer. if the share of higher value, paper publication may also be called.

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