Overview of Transmission of shares

Transmission means the transfer of title. Shares are transferred in the name of the legal heir in case of death and insolvency of an individual. The transfer takes place on the submission of valid identity proof by the legal heir to the company. The transmission recovery is a transfer of unclaimed dividends, matured deposits or debentures, sale proceeds of fractional shares, and redemption proceeds of the preference shares.

Transmission is a process where the transfer takes place by operation of law. There are instances where the claimant cannot transfer the shares due to the non-availability of required documents. Hence, their shares get transferred to the IEPF account. After the transfer of shares to the IEPF account, the claimant can recover these shares or unpaid amounts on submission of required documents at IEPF authority. Transmission is different from transfer, as in the former, the shares get transferred to the legal heir; and in the latter, the share can be transferred to anyone.

bg img credit-card

Services Offered

icon

Recovery of shares in case of no Nominee

Our Recovery professional will recover the shares in case the original shareholder has forgotten to mention the nominee in its share documents or the will.

icon

Recovery of Shares in case of legal representative

Our Recovery professional will recover the shares in case any legal representation wants to claim the shares of original shareholders.

icon

Transmission service

Our Recovery professional will help the claimant in the transmission of shares from the accounts of the company and the IEPF authority. All the shares or the unpaid amount will be transmitted to the DEMAT account of the claimant.

icon

Succession Certificate or Probate of will

During transmission of shares, the claimant shall require a succession certificate or probate of will from the court in case of death. Our Recovery professional will provide consultancy services relating to the succession certificate and necessary assistance.

icon

Dispute Consultancy Service

Our Recovery professional will aid in case any dispute arises in the process of Recovery of shares. The Recovery professional will aim to provide a holistic approach toward Recovery by minimising the risk in the process.

icon

Dematerialise Physical Shares

Our Recovery professional will assist in converting physical shares of the original shareholder into DEMAT form. The Recovery of shares from the IEPF or the company will only take place in DEMAT form.

icon

Opening Account with Depository Participant

The Recovery professional will aid the claimant in the process of opening a DEMAT account with any depository participant. The claimant's account must be in a DEMAT form so that shares get transferred directly.

icon

Recovery from every Company

Our Recovery professional will aid in the process of recovering shares from every company by making the first contact and filing the required documents.

icon

Transfer of shares

If the claimant wants to transfer the shares to any other person after the Recovery of transmitted shares, the claimant can transfer by submitting the required documents. Our Recovery professional will aid the claimant in the compliance process needed during the process of transfer.

What is the procedure adopted by us?

icon

Arrangement of Documents

We will analyse the documents including original shareholder, Aadhaar card, PAN card, succession certificate, death certificate and other documents of the shareholder and determine the process for assessing the shares form the IEPF authority.

shape
icon

Liaison with Authority

We will fill the transmission form along with the IEPF authority and submit all the necessary information that is required during the process of transmission.

icon

Assist in Regulatory Requirements

We will handle the regulatory requirements including dematerialisation of securities, opening of DEMAT account etc. and assist in other regulatory requirements with the company, DP or RTA

Why choose our service?

card

Professional Agents

We aim to provide the best support to our clients. To achieve this objective, we have a dedicated team of professionals working in the recovery process. Our recovery professionals have successfully recovered the shares of the individuals from the company and the government authorities effortlessly.

card

Transparency

We aim to support our clients in every step of the process. To achieve this objective, we have to ensure that there shall be transparency maintained in every step of the process. We have a consumer-centric approach that maintains a healthy relationship with the clients.

card

First Point of Contact

We aim to have the first point of contact with the companies to simplify the recovery process. Our recovery professionals will first contact the company and apply all the compliance documents beforehand. This will ease the burden on the client in future.

card

Easy Compliance Process

We have a recovery professional that provides an easy compliance process during Recovery. All the compliance procedures shall be looked after by our agents, which will reduce the burden on the client.

bg img credit-card

Laws governing the transmission of share

  • The Companies Act, 1956
  • Listing Obligations and Disclosures regulations, 2015
  • Depositories Act, 1996
  • Securities Contracts (Regulation ) Act, 1956
  • The SEBI Act,1992
  • Companies (Share Capital and Debenture) Rules, 2014
  • The IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2019
  • The IEPF (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012
  • The IEPF (awareness and protection of investors) Rules, 2001
  • The Investor Education and Protection Fund Authority (Appointment of Chairperson and Members, holding of meetings and provision for offices and officers) Rules, 2016

Clients That Rely on Enterslice Solutions

Our Clients include some of the biggest brands in Insurance, Software and IT, Banking, Financial Services, and Environment sectors.

Finstar Financial
Herbal Life Nutrition
First Cry
Acme Solar
Opera Software
Razorpay
Taj Hotels
milton
davinta
fia global
justdial
marg
img
Mail Subscribe Mail Subscribe
Mail Subscribe
Mail Subscribe
Want to know about our offers first?

Subscribe our newsletter

Hey I'm Suman. Let's Talk!