Transmission of Shares
At IFFAS, we offer comprehensive services for the transmission of shares, addressing the complexities and legal complications that often arise in this process. Our expert team is well-equipped to handle a wide range of transmission-related issues, including:
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Differentiating between transfer and transmission: Many individuals struggle to understand the distinction between transfer and transmission of shares. We provide clarity on these concepts, ensuring compliance with the Companies Act. While transfer involves a voluntary act, transmission occurs through operation of law, without consideration.
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Multiple holdings across companies: If the deceased shareholder held shares in multiple companies, we assist in submitting the necessary documents and share certificates to each company, facilitating the seamless transmission of shares. We handle the constant follow-up required for each company, ensuring a streamlined process.
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Jointly-held securities: Challenges may arise when a deceased shareholder was one of the joint holders. In such cases, the surviving holders must have a depository account and follow the prescribed procedures to apply for the transmission of shares. We guide clients through this process, ensuring compliance and a successful outcome.
As an investment recovery company we can assist investors in the recovery of shares from the Investor Education and Protection Fund (IEPF) in several ways:
- We have legal experts who specialize in navigating the complex regulatory framework surrounding investments and the IEPF. They can help investors understand their rights and obligations under the law.
- Recovering shares from the IEPF often involves a significant amount of paperwork and documentation. We can assist investors in gathering and completing the necessary paperwork accurately and efficiently.
- Dealing with government authorities can be challenging and time-consuming. We can act as intermediaries between investors and the relevant authorities, facilitating communication and ensuring that all necessary steps are taken to recover the shares.
- We can conduct due diligence to ensure that all necessary requirements for the recovery of shares from the IEPF are met. This may include verifying the investor’s eligibility, confirming the details of the shares held, and ensuring compliance with relevant regulations.
- In some cases, investors may need representation before regulatory bodies or courts to recover their shares from the IEPF. We can provide legal representation and advocacy on behalf of investors to ensure that their rights are protected.
With our expertise and meticulous attention to detail, we simplify the transmission of shares for our clients by offering expertise, guidance, and support every step of the way.. Trust IFFAS to handle your transmission-related needs and experience a hassle-free and efficient process.
