Share transfer

This query is : Resolved

CAShikhakataria (Querist)
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23 October 2016 If one shareholder is died, and as per will the shares are to be transferred to his grand sons, then in what time period we need to show this to Roc in annual return??? Is there any time limit for this. Pls inform

Pratik Shah

Pratik Shah (Expert)
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25 October 2016 Showing transmission depends on the necessary documents to be submitted by the legal heir of deceased member. Company can not sue moto do the transmission process.
Pursuant to Section 56(4), Company needs to deliver share certificates within one month from the date receipt of intimation of transmission. Until and unless Company receives necessary documents from concerned person, Company can not do transmission process.