Transmission of Shares
Your trusted partner for investor succession — enabling seamless transfer of shares to legal heirs or nominees in case of death or incapacity of the shareholder.
Overview
Transmission of Shares is the legal process of transferring ownership of shares by operation of law rather than a commercial sale. This typically occurs in cases of the shareholder's death, insolvency, or mental incapacity. Unlike a standard share transfer, transmission does not involve a buyer or seller and requires no financial consideration. Governed by the Companies Act, 2013, the process ensures that the financial legacy of a shareholder is correctly and legally passed on to the registered nominee or the rightful legal heirs.
Bizmint provides specialized end-to-end support for share transmission. We handle the complex documentation required for both nominee-based and legal heir-based claims. Our services include drafting the mandatory indemnity bonds and affidavits, coordinating with the company's Registrar & Transfer Agent (RTA), and assisting in obtaining succession certificates or probate from court where required. We ensure your inherited financial assets are securely transferred to your name and successfully credited to your Demat account.
Key Benefits
Legal Ownership Transfer
Ensure that the shares held by a deceased family member are legally and correctly transferred to the rightful heirs.
Access to Financial Assets
Unlock and manage financial assets that were previously inaccessible due to the lack of legal documentation.
Smooth Succession Process
Navigate the complexities of personal succession laws and company protocols with expert technical guidance.
Dispute Prevention
A formal and legal transmission process prevents potential disputes among family members or claimants.
Enable Sale or Demat
Transmitting shares to your name allows you to sell them or convert physical certificates into digital format.
Legal Protection
Completing the transmission process provides you with a clear, undisputed legal title to the inherited investments.
Eligibility Requirements
Ensure your business meets these basic criteria for a smooth registration process.
Expert Tip
Having all directors present in India is not mandatory, but at least one director must be a resident of India (stayed in India for 182+ days).
Documents Required
Keep these documents ready to fast-track your application.
Basic Records
- Original Death Certificate of the shareholder
- PAN Card & Aadhaar of the applicant
- Proof of Address (Utility bill/Passport)
Share Details
- Original Share Certificate or Folio number
- Proof of Entitlement (Dividend warrants/SoA)
- Client Master List (CML) of applicant's Demat
Legal Drafting
- Notarized Indemnity Bond on non-judicial stamp paper
- Affidavit for transmission on stamp paper
- No Objection Certificates (NOCs) from other legal heirs
Court Documents
- Succession Certificate or Letter of Administration
- Probate of Will (if applicable)
- Certified Copy of the Will
Registration Process
Our seamless digital-first approach ensures completion in the fastest possible time.
Case Assessment
Verifying the shareholding status and identifying whether the claim is nominee-based or legal heir-based.
Document Compilation
Collecting the original death certificate, relationship proofs, and the physical share documents.
Dossier Preparation
Drafting the mandatory transmission forms, indemnity bonds, and affidavits as per company and RTA norms.
RTA Submission
Submission of the finalized legal dossier and supporting documents to the company's Registrar & Transfer Agent.
Query Resolution
Liaising with the RTA to resolve any technical queries regarding succession law compliance or documentation.
Board Approval
Monitoring the internal review process by the Company's Board for the formal approval of the transmission.
Record Update
Endorsing the physical share certificate with the new owner's name or issuing a fresh certificate.
Demat Integration
Assisting in the final dematerialization process to credit the transmitted shares into your active Demat account.
Mandatory Compliance
Staying compliant is crucial for your company's good standing. Non-compliance may lead to penalties and director disqualification.
View All Compliance ServicesWhy Choose Bizmint?
We combine professional expertise with technology to provide the best-in-class incorporation experience.
FAQs
Common questions about Transmission of Shares
Secure Your Inherited Assets
Ensure the smooth transfer of your family's financial legacy. Reclaim your inherited shares professionally with Bizmint's expert transmission services.