• English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam

If a shareholder who held shares in his sole name dies without leaving a will, how can his legal heir/s (either husband/wife/son/daughter, etc.) get the shares transmitted in their names?


by Mahindra Finance


July 21, 2023


1 mins read

The legal heirs are required to submit the certificates along with the attested copy of the Succession Certificate or Probate of Will or Letter of Administration obtained in respect of the sole holding. The transmission form duly completed (which is available on our website) and signed by the legal heir(s)/executor(s) whose signature(s) should be verified by his/their bank manager under his official seal stating his full name, designation with name and address of the bank. Attestation on the legal document should be done by a Notary Public under his official seal stating full name, address and registration no.

In case you do not have any such form of Legal Representation, please write to Karvy for further advice.

In case value of transaction is less than Rs. 2 lakh, the request for transmission of shares will be processed based on Indemnity, Affidavit and Certificate from Legal Heir. In case the value of transaction is more than Rs. 2 lakh than documents like Succession Certificate, Probate of Will etc is essential. Hence, this reply should be considered for briefing the legal & non-legal formalities of transmission of shares.

For securities held in electronic form, please contact your depository participant.

Related articles

Fixed Deposits For Millennials: Building Financial Stability Early

As a millennial, you’re navigating a vast array of long-term investment plans to secure your financial future. While seeking higher returns is important, it’s equally crucial to balance yo...


February 23, 2024

Mutual fund vs fixed deposit: Differences you should know

Are you wondering where to park your hard-earned savings? Fixed Deposits (FDs) and Mutual Funds (MFs) are two prominent choices for you in the investment arena, and understanding the nuances of FD vs ...


February 7, 2024

Packaging Progress: Unwrapping the Perfect Packaging Machines with Mahindra Finance

Packaging plays a crucial role in protecting and preserving our products, influencing their shelf life, appeal, and brand identity. But choosing the right machinery can be daunting. Let’s explor...


February 14, 2024