Share Transmission is a mechanism by which the devolution of title to shares otherwise than by transfer are made. This is typically applicable for:

- devolution by death
- succession
- inheritance
- bankruptcy
- marriage, etc.

Ownership: on registration of the transmission of shares, the person entitled to transmission of shares becomes the shareholder of the company and is entitled to all rights and subject to all liabilities as such shareholder.

Method: while transfer of shares is brought about by delivery of a proper instrument of transfer (viz, transfer deed) duly stamped and executed, transmission of shares is done by forwarding the necessary documents (such as a notarised copy of death certificate) to the company.

[edit] Legal Process

In case of:

• Death: The surviving shareholders will have to submit a request letter supported by an attested copy of the Death Certificate of the deceased shareholder and the relevant share certificates. The company’s registrar and share transfer agent on receipt of the said documents will delete the name of deceased shareholder from its records and return the share certificates to the applicant/registered holder with necessary endorsement.

[edit] See also

• Share certificate
• Share forfeiture

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