Querist :
Anonymous
(Querist) 20 October 2017
This query is : Resolved
My wife had prepared a will and registered it in which she had stated that in the event of her death all her property including shares of the companies to be transferred on my name. Now she has passed away. I have found that she had no demat account and shares are not converted into demat form. I also do not have a demat account and shares on my name are also not converted into demat form.Will you please advise me on how to go about? Are there professional people who can take the responsibility of doing the needful at a price? Please help.
Vijay Raj Mahajan
(Expert) 20 October 2017
Firstly get the Will probated and order from the civil court for getting the shares in the name of deceased wife transferred to your demat account. In the mean time open a demat account with concerned bank after proper KYC process. When you get order from the civil court move application with the company whose share are in hard copy form to convert them in your name as per probated Will and transfer these to your newly opened demat account.
Ms.Usha Kapoor
(Expert) 21 October 2017
I agree with Vijay Raj Mahajan in toto.
Dr J C Vashista
(Expert) 21 October 2017
No reply for an anonymous author.
Rajendra K Goyal
(Expert) 21 October 2017
No advice from me to an author who is anonymous.
You can post the query in fresh thread with your identity and material facts.
Guest
(Expert) 21 October 2017
Contact registrar and transfer agent of that company . It depends upon valuation of shares also . Some time they allow transfer with Affidavit , Indeminity Bond , Certified copy of Will from Registrar if will is reigstered , Prescribed form , and any other things if they ask from your bank then you need to provide.
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