Claiming shares from IEPF for deceased shareholder

Claiming shares from IEPF for deceased shareholder. The term “transmission” refers to the devolution of title to shares through means other than a traditional transfer, such as inheritance or operation of law. Upon the transmission of shares, the individual or entity to whom the shares are transmitted becomes the registered shareholder of the company. Transmission of shares should be affected by the company upon receipt of an intimation of death of a shareholder. This new shareholder is entitled to all the rights and responsibilities associated with the shares, including any liabilities.
If the deceased held shares in multiple companies, the legal heir(s) or nominee must communicate with each company separately, required to submit the necessary documents, including share certificates, to initiate the transmission process for each company. Further, to claim shares from the Investor Education and Protection Fund (IEPF) on behalf of the deceased shareholder, the legal heir(s) must follow the IEPF's specific procedures and submit the required documentation.
Documents required to claim the IEPF shares of the Deceased shareholder
1. Obtaining a certified copy of the deceased shareholder’s death certificate, serves as proof of the death of the relevant shareholder.
2. If the value is below Rs. 5 lakhs then obtain a certified copy of Legal heir certificate from the SDM office or Tehsildar’s office and if the value is more than Rs. 5 lakhs then the succession certificate needs to be obtained from the court. If there is a will, then obtain the probate of will.
3. As a proof of Identity, the Legal heirs Aadhar Card, PAN Card, cancelled cheque and CML will be required.
4. As a shareholding proof, collect all the share certificates and shares related documents are available (if any).
Fill out the Application for claiming the IEPF shares of the Deceased shareholder
1. Fill out the form IEPF-5 along with attaching the supporting documents of legal heirs and deceased shareholders. This form is available on the MCA website.
2. Prepare the legal documents such Affidavit and Indemnity bond on the NJSP (NON-JUDICIAL STAMP PAPER) and attested by the public notary.
After submitting the online application form on the MCA website, the hard copies of the documents are sent to the Nodal officer of the company. 
Documents required to submit the nodal officer of the company:
1. Download the filled IEPF-5 form, Advanced Receipt, Indemnity Bond.
2. Self-attested copy of Aadhar card, PAN card, cancel cheque and CML required for legal heirs/claimants.
3. Form ISR-2 required which is attested by the Banker.
4. Copy of Legal heir certificate/Succession certificate/probate of will.
5. Notarized copy of Death certificate.
6. Available copy of share certificates and shares related documents (if any).
After submitting the hard copy documents to the IEPF share recovery authority then regularly check the status of your application on the IEPF website. Once the IEPF Authority processes your claim and verifies the documents, they will transfer the shares to the account of the legal heir(s).

The term “transmission” refers to the devolution of title to shares through means other than a traditional transfer, such as inheritance or operation of law. Upon the transmission of shares, the individual or entity to whom the shares are transmitted becomes the registered shareholder of the company. Transmission of shares should be affected by the company upon receipt of an intimation of death of a shareholder. This new shareholder is entitled to all the rights and responsibilities associated with the shares, including any liabilities.

If the deceased held shares in multiple companies, the legal heir(s) or nominee must communicate with each company separately, required to submit the necessary documents, including share certificates, to initiate the transmission process for each company. Further, to claim shares from the Investor Education and Protection Fund (IEPF) on behalf of the deceased shareholder, the legal heir(s) must follow the IEPF's specific procedures and submit the required documentation.

Documents required to claim the IEPF shares of the Deceased shareholder

1. Obtaining a certified copy of the deceased shareholder’s death certificate, serves as proof of the death of the relevant shareholder.

2. If the value is below Rs. 5 lakhs then obtain a certified copy of Legal heir certificate from the SDM office or Tehsildar’s office and if the value is more than Rs. 5 lakhs then the succession certificate needs to be obtained from the court. If there is a will, then obtain the probate of will.

3. As a proof of Identity, the Legal heirs Aadhar Card, PAN Card, cancelled cheque and CML will be required.

4. As a shareholding proof, collect all the share certificates and shares related documents are available (if any).

Fill out the Application for claiming the IEPF shares of the Deceased shareholder

1. Fill out the form IEPF-5 along with attaching the supporting documents of legal heirs and deceased shareholders. This form is available on the MCA website.

2. Prepare the legal documents such Affidavit and Indemnity bond on the NJSP (NON-JUDICIAL STAMP PAPER) and attested by the public notary.

After submitting the online application form on the MCA website, the hard copies of the documents are sent to the Nodal officer of the company.

Documents required to submit the nodal officer of the company:

1. Download the filled IEPF-5 form, Advanced Receipt, Indemnity Bond.

2. Self-attested copy of Aadhar card, PAN card, cancel cheque and CML required for legal heirs/claimants.

3. Form ISR-2 required which is attested by the Banker.

4. Copy of Legal heir certificate/Succession certificate/probate of will.

5. Notarized copy of Death certificate.

6. Available copy of share certificates and shares related documents (if any).

After submitting the hard copy documents to the IEPF share recovery authority then regularly check the status of your application on the IEPF website. Once the IEPF Authority processes your claim and verifies the documents, they will transfer the shares to the account of the legal heir(s).