Shares transfer

Querist : Anonymous (Querist) 27 November 2024 This query is : Resolved
Share transfer agent not transferring the shares

Dear sir
Subject share transfer in my name
This refers to my share transfer claim lodge on with necessary documents
And your reply to submit the claim with court probate
I would like to state as follows
As per. the SEBI requirement I have submitted the claim with the necessary transfer forms duly filled in
Will from my father in my name ,my favour
Notarised affidavit by me the heir and Claimant as per the will confirming my entitlement for the shares as a heir and as per name mentioned in the will
NOC from my sisters for transferring the shares. In my name They could claim the shares being heir however they have consented for transferring the shares in my name
Indemnity bond from me against shares transfer indemnifying the company and transfer agent against any type of claims losses etc arising on account of transfer of the shares to me based on the documents and will

Over 23 years have passed to my father's death and till now there is no claim with necessary documents other than the present claim by me
Hence you should not hold my claim for any reason in case you want to review my will you may do the same by taking with a person who will v understand the Marathi language either in your office or from your Mumbai office request you to permit my transfer claim and transfer the shares in my name
With my affidavit and indemnity bond there is no smallest liability on you also I can be easily booked for anything wrong in case any dispute arises on account of any shortfall from me
Please do the needful urgently
Thanking yo
Regards

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Quick Summary

This discussion concerns a share transfer claim that has been rejected by the share transfer agent, who has requested a court probate. The claimant has provided all necessary documents, including a will, affidavit, NOC from siblings, and an indemnity bond, arguing that SEBI requirements have been met. Despite the 23 years since the father's death and no other claims, the agent is still refusing. The advice given is to consult a local advocate with the relevant documents to understand the situation and take appropriate action.

T. Kalaiselvan, Advocate (Expert) 27 November 2024
You resort to legal action against the agent through your advocate

kavksatyanarayana (Expert) 27 November 2024
Why did you keep silent all these 23 years after your father's death? You consult a local advocate with the necessary documents/papers.

Dr. J C Vashista (Expert) 28 November 2024
It is advisable to consult a local prudent lawyer for proper analyses of documents and professional advise for such commercial query.

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