Succcesion ceertificate


sir my father expired 20 years ago. he had 20 lakhs rs worth of physical share certificates now we want to change name 

for tha t we had produced legal heir certificate bur registrar demanding succession certificate pls tell us procedure 

to get legal heir certificate how much we have to spent to get it 

 
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Advocate

Consult a lawyer with details. You shall be required to file a petition under hindu succession act seeking letter of administration or succession certificate in the court of senior civil judge (Vary from state to state). If required consult with details. Sidharth Srivastav, 9811776422

 
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FIN

Originally posted by : JAYASEELANANANDAN
sir my father expired 20 years ago. he had 20 lakhs rs worth of physical share certificates now we want to change name 

for tha t we had produced legal heir certificate bur registrar demanding succession certificate pls tell us procedure 

to get legal heir certificate how much we have to spent to get it 

 

You have already got the legal heir certificate...

 
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Self Employed

Your query is slightly confusing. Do you have a Legal Hier certificate? Now regarding obtaining a Legal Hier certificate / Succession certificate please follow other experts who have already replied.

Coming to the Physical share certificates, there is now a long road ahead as you now will have to approach all the companies (Registrar & Transfer Agents) and will have to fullfill a Share Transmission process. It requires Legal Heir Certificate/Succession Certificate/Will. In the absence of the same the process is quite cumbersome as then you will have to produce Indemnity, Sureity , Letter of Disclaimer (in case if you have more number of siblings), Signature attestation from your Bank etc etc. Also note that common Share Transmission process and supporting documents will NOT work. you will have to submit different set of documents for each of the company. Hence, first analyse the shares what you have, see the net worth of the shares and only those shares who are offering returns, please follow the Share Transmission process. On an average it takes 30-45 days. Better to talk with your DP or an Financial Expert who can guide you in this matter.

 
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Consultant

Shares of how many companies you are holding in the name of your father?

 
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Yes you have to produce succession certificate. Consult local lawyer and if you are in Mumbai you can contact me.

 
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yes sir we from very pooor family we cannot pay court fee we are daily coolies shares was alloted to father while working in the company 20 years back

 

 
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but you have to appoint advocate
 
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Consultant

Just follow the instructions of Registrar and Share Transfer Agent of the company to get your shares transmission of shares in the name of the legal successor.

 

 
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ioc company had given letter of succesion regarding share transfer isssued under employee allotment

 
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