Transmission of Shares
Recover shares for legal heirs
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Frequently Asked Questions
What is the difference between transfer and transmission of shares?
Transfer is a voluntary act by the shareholder, while transmission happens by operation of law (e.g., in the event of death or inheritance).
What documents are required for transmission?
Usually, a death certificate, succession certificate or probate of will, and KYC documents of the legal heir are required.
What happens if there is no nominee registered?
In the absence of a nominee, the legal heirs must provide a Succession Certificate or Letter of Administration from a competent court.
How long does the transmission process typically take?
The process usually takes 30-45 days after the proper submission of all required legal documents to the RTA.
Can I transmit shares if the physical certificate is lost?
Yes, but it involves an additional step of applying for 'Duplicate Share Certificates' along with the transmission request.