XYZ Ltd. received a written request from Sumithra, the widow of the company's deceased shareholder Vedic Sharma to transfer in her name the shares of the company held by her deceased husband and also to advise her regard

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2018
XYZ Ltd. received a written request from Sumithra, the widow of the company's deceased shareholder Vedic Sharma to transfer in her name the shares of the company held by her deceased husband and also to advise her regarding fulfilling the procedure for the same. The shares are held in physical form. The share transfers are done in-house. As the company secretary of the company advise Sumithra suitably.

Answer & Explanation:

The following advise shall be sent on the letter head of the Company to Sumithra- Date: Sumithra Address: Madam Sub: Transmission of shares - reg Ref: Your letter dated xx/xx/xxxxx We are sorry for the sad demise of our beloved shareholder. Kindly arrange to send the following documents to enable us to duly transmit the shares of our company from the name of your deceased husband to your name- Original share certificate(s); A copy of the Death Certificate of the deceased; Succession Certificate/Legal Heir Certificate/Probate/Letter of Administration (anyone) in favour of you. No Objection Certificate from the other legal heirs, if any, for transmission in your favour. Your self-certified Income Tax PAN copy along with other KYC Documents. Thanking You For XYZ Ltd. Sd/- Company Secretary

Topics: Share Transfer

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