The Power of Attorney holder is not allowed to sign the nomination form on behalf of the shareholder. 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 to the Company. This will be in the form of a transmission and therefore will not attract stamp duty.
Related Questions
- The Power of Attorney holder is not allowed to sign the nomination form on behalf of the shareholder. Does transmission of shares to nominees attract payment of share transfer stamps ?
- Can someone with the power of attorney sign a voter registration form on a voters behalf?
- Where do I send my nomination form in case I have shares in Demat form?
