Need To Transfer Shares Of My Demise Father

Asked in Mutual funds

  • Nawaz

    Pimpri-Chinchwad

Expert's Answers(2)

  • Advocate Guttula Ganga Venu Gopala Krishna

    Secunderabad, Telangana
      2 Client Ratings

    Succession certificate had to be taken from District court for shares and court fee will be paid as per the value of shares take appointment to brief

    July 9, 2023
  • Advocate Anik

    Bengaluru, Karnataka
      65 Client Ratings

    I'm sorry to hear about your father's passing. To transfer the shares from your father's name to your mother's or your own name, you will typically need to follow these steps: Gather necessary documents: As you mentioned, you have limited documents, including the PAN card, letter from the broker, check letter, and heir certificate. These documents will be essential for the transfer process. Contact the broker firm: Reach out to the broker firm mentioned in the letter you have. Inform them about the situation and inquire about the specific requirements and procedures for transferring the shares. Provide required documentation: The broker firm will likely request specific documentation to process the transfer. Along with the documents you have, they may ask for additional forms, such as a transfer deed, affidavit, or any other paperwork required by their process. Ensure you provide all requested documents promptly. Complete necessary forms: Fill out any forms provided by the broker firm accurately and completely. Double-check the information you provide to avoid any errors or delays in the transfer process. Submit the documents: Once you have gathered all the necessary documents and completed the required forms, submit them to the broker firm according to their instructions. Be sure to keep copies of all the submitted documents for your records. Follow up with the broker firm: After submitting the documents, maintain regular communication with the broker firm. Inquire about the progress of the transfer and ask for updates if needed. They will guide you through the process and let you know of any additional requirements or steps. Obtain the new share certificate: Once the transfer is complete, the broker firm will issue a new share certificate in your mother's or your own name, depending on the transfer request. This certificate will confirm the ownership of the shares.

    July 1, 2023