Get the free Affidavit for Transmission of Shares

This affidavit is intended to declare the legal heirs of a deceased shareholder and facilitate the transmission of shares held in Grasim Industries Limited to the rightful heirs.

How to fill out affidavit for transmission of

How to fill out Affidavit for Transmission of Shares

1. Obtain the Affidavit for Transmission of Shares form from the relevant authority or company.
2. Read the instructions carefully to understand the requirements and necessary information.
3. Fill in the details of the deceased shareholder, including name, address, and date of death.
4. Provide your own details as the claimant, including name, address, and relationship to the deceased.
5. List the shares held by the deceased, including the name of the company and the number of shares.
6. Attach any required supporting documents, such as a death certificate and proof of your relationship.
7. Review the completed affidavit for accuracy and completeness.
8. Sign the affidavit in the presence of a notary public or as required by the authority.
9. Submit the affidavit along with any required fees to the company or authority handling the shares.

Who needs Affidavit for Transmission of Shares?

1. Executors or administrators of estates where the deceased held shares.
2. Beneficiaries who are entitled to inherit shares from a deceased individual.
3. Individuals or entities handling the transfer of shares after the death of a shareholder.

People Also Ask about

What is the document for transmission of shares?

1. Duly signed transmission request form by the legal heir(s)/claimant(s). 2. Original death certificate or copy of death certificate attested by the legal heir(s) / claimant(s) subject to verification with the original or copy of death certificate duly attested by a notary public or by a gazette officer.

What is the difference between transferred and transmitted shares?

The transfer and transmission of shares are two distinct but equally essential processes in company law. While transfer involves a voluntary change in ownership, transmission occurs automatically due to legal events. Understanding these concepts is crucial for shareholders, companies, and legal professionals.

What is the difference between transfer and transmission of shares?

The transfer of shares is a voluntary act by the holder of shares and takes place by way of contract. Whereas, the transmission of shares takes place due to the operation of law that is on the death of the holder of shares or in an event where the holder becomes insolvent/lunatic.

How to write an affidavit format?

How to write an affidavit. Title. This is either your name (“Affidavit of Jane Doe”) or the specific case information. Statement of identity. The next paragraph tells the court about yourself. Statement of truth. Statement of facts. Closing statement of truth. Sign and notarize.

How do you request a letter for transfer of shares of a deceased person?

The deceased shareholder passed away on [Date of Death], and I am [mention your relation, e.g., the legal heir/nominee/spouse/son/daughter] and hereby request you to transmit the said shares in my name. I request you to kindly process the transmission at the earliest and inform me of any further requirements.

What is the difference between transferring and transmitting?

Transferring also refers changing between different vehicles especially trains and planes Transmission mostly refers to non physical transfer, such as TV, radio, computer data, sound or something visual (like Norse Code) if someone says an item is transmitting to me, I'd understand it's on the way, but I think that

What's the difference between transfer and transmission of shares?

Transfer is by the act of the parties. Transmission is by devolution of law, i.e. death or bankruptcy. In transmission of shares no procedures are required to be followed unlike in transfer of shares.

What is the meaning of transmission of shares?

Transmission of shares in India refers to the process of transferring ownership of shares from a deceased shareholder to their legal heirs or nominees. This process is governed by various regulations and acts, including the Companies Act, 2013, and the Securities and Exchange Board of India (SEBI) guidelines.

For pdfFiller’s FAQs

What is Affidavit for Transmission of Shares?

An Affidavit for Transmission of Shares is a legal document used to transfer ownership of shares from a deceased shareholder to their legal heirs or beneficiaries.

Who is required to file Affidavit for Transmission of Shares?

The legal heirs or beneficiaries of a deceased shareholder are required to file the Affidavit for Transmission of Shares to claim ownership of the shares.

How to fill out Affidavit for Transmission of Shares?

To fill out the Affidavit for Transmission of Shares, one needs to provide details such as the name of the deceased, the number of shares, the names of legal heirs, and supporting documents like the death certificate and will, if applicable.

What is the purpose of Affidavit for Transmission of Shares?

The purpose of the Affidavit for Transmission of Shares is to legally document the transfer of shares upon the death of a shareholder, ensuring that the rightful heirs receive the shares.

What information must be reported on Affidavit for Transmission of Shares?

The Affidavit must report information such as the deceased shareholder's details, the legal heirs' details, the number of shares being transferred, and any relevant identification numbers or documents.