Shares of a parent or grandparent? We take the family through transmission.
When a shareholder passes away, the shares do not move on their own. Heirs have to claim them through transmission, and the papers depend on whether there is a nominee, a will, or several legal heirs. We work out the right route and complete it.
Does this sound like your situation?
- You found a parent's or grandparent's share certificates
- No nominee is registered with the company
- Several legal heirs are involved, some in other cities or countries
- There is a will, or there is no will
- The holder passed away years ago and nothing was done
How the recovery works
Identify your case
Nominee registered, a will, or neither. This decides which documents the registrar will accept.
Trace every folio
Families often hold shares across several companies. We find them all so one set of succession papers can be reused. (Swasam Investments will do this for you)
Build the succession set
Death certificate, legal heir proof or probate, affidavits and indemnity, and no-objection or relinquishment letters from other heirs. (Swasam Investments will do this for you)
Lodge with each registrar
We submit and follow up company by company until the transmission is approved. (Swasam Investments will do this for you)
Shares credited to demat
The shares arrive in the claimant's own demat account. (Swasam Investments sees it through to the end)
Papers usually needed
- Death certificate of the shareholder
- Will with probate, legal heir certificate, or affidavits and indemnity
- Nominee details, if a nomination exists
- No-objection or relinquishment letters from other heirs
- Claimant PAN, ID and address proof
- Claimant demat account details and cancelled cheque
- Original certificates or proof of holding
- Documents of the surviving holder, for joint holdings
Requirements vary by company and registrar. We confirm the final list for your case before you gather anything.
Where cases get complicated
No nominee, many heirs
The hardest and most common case. It needs consent or relinquishment from each heir, correctly signed and attested.
Heirs in different places
Signatures from other cities or countries need to be notarised or attested. We plan the logistics so nothing is signed twice.
A will that is not probated
Registrars may ask for probate or an alternative set of affidavits. We confirm what your registrar accepts.
Shares already in the IEPF
If dividends went unclaimed for seven years, the claim runs through the IEPF process too. We combine both routes.
What Swasam Investments does for you
- We advise on the routeNominee, will or no will, before you gather anything.
- We prepare the setAffidavits, indemnity and heir letters, ready to sign.
- We trace the foliosEvery company where the family may hold shares.
- We follow upEach registrar, until the credit is done.
Questions about this
Does a nominee own the shares?
A nominee can claim the shares into their own demat account through the registrar. Who ultimately owns them between heirs is a question of succession law, which is why we prepare the papers carefully for the whole family.
Is there a time limit to claim after someone has passed away?
There is generally no fixed time limit for transmission. Waiting makes records harder to trace, and unclaimed dividends can push the shares to the IEPF.
Do all heirs have to take part?
Not always, but where there is no nominee the registrar usually wants consent or relinquishment from the other legal heirs.
You may also need
IEPF shares and dividend claims
Shares and dividends moved to the government's IEPF can be claimed back. We run the process.
Tracing unclaimed dividends and shares
Not sure shares exist, or where they are. We search company, registrar and IEPF records.
Lost or damaged certificates
Torn, burnt, water-damaged or simply gone. We arrange the duplicate and the paperwork behind it.
Found an old certificate? Check it before you do anything else.
Call Swasam Investments for the status and value of your shares, or send the details and we will call you.