The word “transmission” is defined as the passing of a property/asset by operation of law. In the case of the death of a shareholder, the process of transfer of ownership/right of shares to the legal heirs or successors is called the Transmission of shares.

Probate of Will:

When a person dies after leaving a will, it is called testamentary succession. In this case, the executor of the Will needs to obtain a probate of the Will from the court for the transfer of the deceased’s property/assets.

Legal Heir Certificate or Surviving Member Certificate:

In the event of the death of a family member, his legal heirs might require an authentic document to determine who the legal heirs or surviving members to the deceased are, in the form of a Legal Heir Certificate or Surviving Member Certificate.

Succession Certificate:

A Succession Certificate is issued to the successor of a deceased person who has not made a will, to establish the rights of the successor. The Succession Certificate gives the holder of the certificate the authority to dispose of the debts and securities of the deceased. It is issued by the district judge of the competent court.

LOA (Letter of Administration):

An official court document issued to give power of attorney to a person to administer the entire estate of a deceased person. It is issued when a person dies intestate (without leaving a will). The letter of administration gives the person the right to administer the estate of a deceased person. If there is no executor, the beneficiary can apply to the court for a letter of administration.

DS Consultants: Comprehensive Assistance in the Transmission of Shares

DS Consultants provides comprehensive assistance in the transmission of shares, ensuring a smooth process through the following steps:

• Detailed Understanding: Experienced legal professionals across India thoroughly analyze your case, taking into account relevant jurisdictions and laws.
• Family Tree and Inheritance Laws: We delve into the family tree and inheritance laws that govern the transfer of shares.
• Document Requirements: Depending on the value of the shares and the availability of a will, we determine the necessary documents for transmission. This could include Probate of Will, Succession Certificate, Letter of Administration (LOA), or Legal Heir Certificate.
• Communication and Coordination: We liaise with companies and Registrars and Transfer Agents (RTA) to obtain the required letters and understand the procedures for share transmission.
• Compilation of Investment Details: We compile a comprehensive list of investments and gather necessary details to obtain a complete court order relevant to your case.
• Preparation of Transmission Documents: Upon obtaining the court order or relevant approvals, we prepare all documents necessary for the transmission of shares.

Our goal is to facilitate the entire process efficiently, ensuring compliance with legal requirements and delivering peace of mind to our clients regarding their investments.