How to transfer shares in the name of one person to another?
How to transfer shares in one person’s name to another person’s name?
Shares in the name of one person can be transferred in the name of another person. But according to the laws of Nepal, family and death names can only be registered according to court orders. The process of transferring the securities held in the accounts of deceased persons to the accounts of the legal right holders or the desired persons is known as patrimonial and death name transfer of securities.
Securities are shares. Holders of securities in demat accounts can be registered easily by submitting the necessary documents to the DP for registration. DP means a company that has opened its own demat.
Check out the most frequently asked about transfer Shares questions and their answers:
1. How can the deceased beneficiaries claim the demat account securities?
The entitled person should submit the application to the DP by attaching the following documents along with the transmission request form (TRF).
-Certified copy of death registration certificate,
-A certified copy of the deceased’s citizenship certificate
-Certified copy of the applicant’s citizenship certificate
-Attested copy of kinship certificate
2. How to transfer the title of securities received from shares?
The entitled person should submit an application to the DP by attaching the following documents along with the TRF.
-A certified copy of the citizenship certificate of the recipient
-Attested copy of kinship certificate
3. How to do family name transfer within 3 generations of single family?
– In order to register a household within 3 generations of a single family, the following documents must be attached and an application must be submitted to the DP.
– Application of both taking shares in registered name and giving shares in registered name
– Document showing family within 3 generations
-Citizenship copy of both share taker and giver
– Proof of Share
– A copy of the proof of relationship between the share taker and the giver
4. How to name the shares that will be entitled by the court decision?
– In order to list the shares that will be entitled by the court decision, an application should be submitted to the DP by attaching the following documents along with the TRF.
-Certified copy of court judgment
-Certified copy of citizenship certificate of the claimant
-Court invoice parts
The DP will check the validity of the application and if found to be correct, will send a request to transfer the securities to the name of the holder. After that, the registered shares will be credited to your account.
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