Complete Guide to Shares Transmission Procedure – Easy Steps to Convert Physical Shares to Demat
Dealing with shares after the death of a family member can feel overwhelming. Many people are unsure about the Shares Transmission Procedure , what documents are needed, and how to handle old paper certificates. If you still hold physical shares, it is also important to understand the Demat of Physical Share Certificate process and how to Convert Physical Shares to Demat safely and legally. This simple guide will help you understand everything in a clear and easy way. What is the Shares Transmission Procedure? The Shares Transmission Procedure is the legal process of transferring shares from a deceased shareholder to their nominee or legal heir. This process ensures that ownership is updated officially in company records. Transmission happens in cases such as: Death of the shareholder Legal inheritance Insolvency Unlike a share transfer, no buying or selling is involved. It is purely a legal ownership update. Why Demat of Physical Share Certificate is Necessary ...