ForumCategory: Transfer of SharesCan I transfer shares to a family member?



Can I transfer shares to a family member?Shares Recovery India Staff asked 5 months ago

1 Answers



Best Answer

Can I transfer shares to a family member?Pravin Poloju Staff answered 5 months ago
Yes, you can transfer shares to a family member. If you are the shareholder, you can transfer the shares to your nominee or the legal heir. Proofs for legality like Succession certificate, Legal heir certificate, etc., must be produced in order to transfer your shares to your nominee or the legal heir.
In case of nominee, the documents required for transfer of shares are: Affidavit worth Rs.200/-, Indemnity bond, Aadhaar card and PAN card of the nominee, residential proof.
In case of legal heir, the documents required for transfer of shares are: Affidavit worth Rs.200/-, Indemnity bond, No objection certificate, Legal heir certificate, Aadhaar card and PAN card of all the family members along with residential proof.