Jointly holding share holders claims query

SRI DATTA (Querist) 17 August 2021 This query is : Resolved
Hello Sir, Myself Datta,

My father(B) has to 2 brother(A, C), who jointly held 1000 share in a Company (lets say M/s S pvt ltd), after the death of both the brothers(A, C) My father B has claimed the Share in the Company S, later my father also expired, before his death he has been issues bonus shares of another 500 with exclusively in his name in the share certificate. where as old shares certificate(for 1000) has been issued jointly in A,B,C names.

Now the Company S tells me to apply for succession certificate, so to claim the shares, how many shares am i entitled to , if in case i have a probate of will how may will i get

Thanks in advance

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This discussion concerns inheriting jointly held shares. The original 1000 shares were held by three brothers (A, B, C). After brothers A and C passed away, brother B (the father of the enquirer) claimed these shares. Subsequently, brother B also passed away, leaving behind bonus shares issued solely in his name. The company requires a succession certificate to process the claim. The core question is how many shares the father was entitled to, considering he was the last surviving joint shareholder, and how this is affected by his will.

Dr J C Vashista (Expert) 18 August 2021
@ Mr. Datta,
Obtain succession certificate from competent court of jurisdiction through a local prudent lawyer.

Message likes : 1 times

kavksatyanarayana (Expert) 18 August 2021
Yes. Agree with the advice of the above learned expert.

P. Venu (Expert) 19 August 2021
Will - whose Will? What is the bequest?

SRI DATTA (Querist) 19 August 2021
My father Left an unregistered will,mentioning about share

P. Venu (Expert) 19 August 2021
It is not necessary that the Will be registered.

SRI DATTA (Querist) 19 August 2021
okk sir, how may share do my father receive, as he is was the last survived share holder in jointly held folio shares

is it Total 1500 share or(1000/3 + 500)

thank you in advance

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