Transmission of Shares After Death

What Is Transmission of Shares?

Transmission of shares is the process of transferring ownership of shares when a shareholder passes away. Unlike a share transfer, transmission happens due to legal succession and does not involve selling shares.

Legal heirs, nominees, or successors must submit necessary documents to the company or registrar to claim the shares belonging to the deceased shareholder.

Common Situations Requiring Share Transmission

• Death of a shareholder
• Shares held in physical form by deceased investor
• Unclaimed shares discovered by family members
• Shares transferred to IEPF after long inactivity
• No nominee registered for shares

Documents Required for Transmission

• Death Certificate of the shareholder
• PAN Card of claimant
• Aadhaar Card
• Succession certificate / probate / will
• Indemnity bond and affidavit
• Demat account details

Transmission Process Timeline

Step-by-Step Transmission Process

1. Identify the shares belonging to the deceased shareholder.
2. Collect legal documents proving inheritance.
3. Submit transmission request to the company or registrar.
4. Company verifies documents and legal heir details.
5. Shares are transferred to the claimant's demat account.

What If Shares Are Lost?

If physical share certificates are lost, heirs must first apply for a Duplicate Share Certificate before the transmission process can begin.

How ClaimMyFunds Helps Legal Heirs

Transmission cases can be complex due to legal documents and verification requirements. ClaimMyFunds assists families across India with the entire share recovery process.

• Transmission of shares for deceased investors
• Duplicate share certificate assistance
• IEPF claim recovery
• Physical shares to demat conversion

Frequently Asked Questions

Can legal heirs claim shares without a nominee?

Yes. Legal heirs can claim shares through succession certificates, probate, or legal heir documents.

How long does share transmission take?

Typically the transmission process takes between 1 to 3 months depending on documentation and company verification.

Can physical shares be transmitted?

Yes. Physical shares can be transmitted to legal heirs and later converted into demat form.