Want to Get Back Shares From IEPF ??

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Capital Experts

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How to Transfer Inherited Shares Shares
transfer to Non-Resident

• Inherited Stocks in India - How can I receive
  these shares?
• Demat accounts when opened usually have a
  nomination requirement. Transmission of shares
  where nomination exists makes them easier to be
  transferred. However, there may be situations
  where there may be no nominee. Lets first look
  at transfer procedure if nominee exists. For
  those who may not be familiar with security
  accounts and terms used in India, a brief
  description of the abbreviations used in this
  article are mentioned below to help readers
  understand this article. IEPF Claims Shares

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Transfer of Shares to Nominee

• Nominee if they do not already have a demat
  account should open a new demat account, In case
  the nominee is an NRI, the nominee/heirs can open
  a Non-PINS- Non-Repatriable demat account. This
  account is required as securities are transferred
  to these accounts
• Procedure to Transfer Inherited Shares NRI
• The nominee requests the Depository
  Participant (DP) in writing to transmit the
  securities covered by the nomination to the
  account of the Nominee. A certified true copy of
  the death certificate should be included with the
  transfer request. Once the shares are transmitted
  to the NRI account (Non-PINS-Non-Repatriable) of
  the legal heir, they can liquidate these shares
  oIn the secondary market without PINS/ RBI
  permission. PINS approval is not required for
  selling inherited shares. oTo conduct other
  transactions in the secondary market, PINS
  approval will be required. Shares Inheritance for
  NRI

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Transfer of Shares if No Nomination in Demat
Account

• The following documents are generally required A
  copy of the death certificate duly notarized. A
  copy of the Succession certificate duly notarized
  or an order of a court of competent jurisdiction
  where the deceased has not left a Will ORA copy
  of the Probate or Letter of Administration duly
  notarized. The legal heir may find it easier if
  they first open an account with the DP where
  shares are held.Share Problems for NRI

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