We got sucession certificate for shares of my parents in the name of A and B. Can transmission application be applied with first name of B and second name of A
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1. You shall have to get the names of your parents be substituted with the names as mentioned in the succession Certificate issued by the Court.
2. The substitution will be in joint names of A & B.
3. You can apply for the substitution in the name of B & A also if both of them agree.
It should be done in name of A and B only
The word "transmission" means transfer of title by operation of law. It may be by succession or by testamentary transfer. It should be done in the name of A and B only.
The Transmission Request Form should be filled up by legal heirs who would like to have the shares held by the deceased transmitted in their names. 2. The applicants should fill up their names on the Form in the same order in which their names should appear on the share certificates.
Execution of transfer deed not required in case of transmission of shares. Intimation/application of Transmission accompanied with relevant documents would be enough for valid transmission request.
Yes but necessary affidavits need to be filed supporting the same
Specifically we want to ask that succession certificate is in the name of A and B. My father has shares of company G and my mother also has same number of shares of company G with different folio number. For transmission application of my father's shares, can we apply first name of A and second name of B For transmission of my mother's shares, can we apply first name as B and second name as A. The transmission applicants are still going to be A and B, but order will be different in two transmission applications. So Both A and B gets equal shares. If this is a feasible option, what documents we need?
Since succession certificate is in name of A and B share would be issued in name of A and B in same order
You will need succession certificate and other formality you can so by executing a registered family settlement deed.
It was clearly opined in my previous post itself which applies to this question too, to repeat:
The Transmission Request Form should be filled up by legal heirs who would like to have the shares held by the deceased transmitted in their names.
he applicants should fill up their names on the Form in the same order in which their names should appear on the share certificates.
Thus it depends on the application to be filled accordingly.
Dear Client,
After you have secured a succession certificate you can inherit the shares of your father and mother in your name.
Thank you
can be done
it is between the applicants inter se in what manner they wish to have their parents' shares transmitted
no further documents would be needed
