What is the procedure for transmission of shares in favour of the nominee ?
( i ) Upon death of the shareholder or of both the joint holders as the case may be, the nominee would be required to furnish the following documents in addition to any other documents as required by the Company for the purposes of identification: (a) Certified true copy of death certificate of shareholder, (b) Proof of date of birth of the nominee, in case the nominee is a minor, (c) An affidavit/declaration by the nominee declaring his rights (d) The original share certificate(s). The Company, on production of the above documents and any further documents, if required, and on being satisfied about the identity of the nominee, will request the nominee elect either to register himself as holder of shares or to transfer the shares. The nominee is then required to issue a notice of election. There may be further identification requirements at the discretion of the Board of Directors.
