23 May 2016
Yes, Transmission of share could be valid without obtaining succession certificate. However Board of Directors should ensure that sufficient evidence has been produced by the legal heirs. Following documents shall be submitted to the Company. Certified Copy of death Certificate Particulars and signatures of all legal heirs Affidavit on non judicial stamp paper certified by notary Indeminity bond on non judicial stamp paper PAN of legal heir.
23 May 2016
Thank you Mr. Jatin Bajaj for your reply and solving my confusion. and 1 more thing i want to know that provision of Articles if not provide for this matter then what should do?