Does transmission of shares to nominees attract payment of share transfer stamps ?
On death of the shareholder, the nominee has to elect either to register himself as a shareholder or to transfer the shares. If he elects to register himself as a shareholder, he has to intimate his decision in writing preferably to our R & ST Agent, M/s. Karvy Computershare Private Limited This will be in the form of a transmission and therefore will not attract stamp duty.
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