For the purpose of transfer of shares held shares in physical form you have to execute a transfer deed and send the same along with the original share certificate to the registered office of the Company or our Registrars.
- The Transfer Deed must have the date of presentation to the specified authority. The Deed should be lodged with the Company/Registrars, within 12 months from the date of presentation or before the date of next book closure, whichever is later. In case the validity of Transfer Deed has expired, please approach the office of the Registrar of Companies for revalidation of transfer deed.
- The transfer deed must be complete and accurate in all respects. All the information asked for must be accurately filled in. In case any information is not applicable, please clearly mention ‘Not Applicable’ in the space provided. Please note that incomplete transfer deeds will not be processed, unless all information is provided.
- The transfer deed must be duly signed by the transferor/s and the transferee and duly witnessed. Please note that the signature of the transferor/s must match with those recorded with the Company. In case of any change in the signature, the new signature must be attested by your bank manager.
- In case the transferor is a Company, the signature of the authorized signatory must match with the specimen signature lodged with the Company. In case there is any change in the signature of the authorized signatory already lodged with the Company, the new signature must be attested by your bank manager. In case the authorized signatory is a person different from the person whose name is registered as such with the Company, a certified copy of the resolution of the Board of Directors of the Company, authorizing the new person to sign the transfer documents on behalf of the Company, must accompany the share transfer form, with the signature duly attested by your banker.
- In case the transferee is a Company, the signature of person signing the transfer deed on behalf of the Company must be supported by a certified copy of the resolution of the Board of Directors, authorizing the person to sign the transfer form, with the signature duly attested by your banker.
- The share transfer deed should be adequately stamped. The Stamp Duty for transfer of shares is 25 paise for every Rs. 100 of the market value of your shares.
In such a case there are different circumstances, which may arise depending on the type of holding of the deceased shareholders in the Company. These circumstances, and steps to be taken in all such cases are explained below -
- In case the shares are held jointly, and one of the joint holders has expired, the shares will be transferred in the name of the surviving joint holders, on submission of a request letter duly signed by the surviving joint holders, along with an attested copy of the death certificate of the deceased joint holder. The original share certificate must accompany this letter and death certificate. Suitable changes will be made on the share certificate and returned to the surviving joint holders.
- In case the shares are held in a single name, and the shareholder has expired, the shares can be transmitted in the name of his legal heir on submission of the following documents -
- a. Duly signed application of legal heir/s is on record.
- b. The death certificate of the registered shareholder duly certified / notarized.
- c. Share certificates properly attached.
- d. Probate of the will or Succession certificate, or Letter of Administration.
- e. No objection certificates, if necessary from legal heirs other than the applicant.
- Where, however, there is a registered nomination for the deceased shareholder’s folio, the shares are transmitted to that of the Nominee, on receipt of documents properly evidencing the death of the existing shareholder, without going through the aforesaid process.
- Where the certificates in respect of the shares to be transmitted are lost/misplaced/destroyed, you will also need to execute the necessary indemnities, which are given as Annexure_A&B, and submit the same along with the documents mentioned in 2 a-e (except c) above.
Please note that if the deceased shareholder was holding shares in dematerialized form, all the aforesaid details are to be given to the depository participant (DP) with whom the deceased shareholder maintained his demat account. Please check with the DP for further details.
- In case you have lost/misplaced your share certificate, the Company will issue a duplicate share certificate on submission of the following documents duly executed all the shareholders -
- A formal application for issuing duplicate share certificate, duly signed by all the shareholder/(s).
- An attested copy of the FIR filed with the police station.
- An indemnity bond, as per format given in Annexure_A&B
- An affidavit, as per format given in Annexure_A&B
- Surety, as per format given in Annexure_A&B
- Original cutting of public notice (as per format given inAnnexure B published by the shareholder in the newspaper circulating in Mumbai.
The application along the documents submitted will be placed before the next Meeting of Share Transfer cum Shareholders Grievance Committee for their approval. After getting the approval, the duplicate share certificates will be issued.
The shares in respect of the lost share certificates will not be credited directly to your demat account. You will have to make an application to the Depository Participant with whom you have a demat account, together with the share certificate.
For issue of duplicate share certificate against torn/mutilated/destroyed share certificate, you will need to make a formal application to the Company on plain paper, with a request to issue duplicate share certificate and submit the same to the Company along with the torn/mutilated/destroyed share certificate.
In case you are holding shares with one or more persons jointly, and you want to delete the name of one or more of the joint holder(s) on account of his/her death, please make an application to the Company on plain paper, duly signed by all the surviving holders. The application must be accompanied by an attested copy of the death certificate of the deceased joint holder(s) and the relevant share certificate. The name of the deceased joint holder will be deleted and the share certificate will be returned to you.
In case you want to delete the name of the joint holder(s), other than in case of his/her death, you will need to follow the procedure for transfer of shares in physical form, with the names of existing joint holders as transferors and the names of the proposed holders as the transferees. All the applicable formalities for transfer of shares will have to be complied in this case.
Please note that not more than three persons can hold shares jointly at any time. If you want to add one or more (maximum 2) persons as joint holders of the shares, you will need to follow the procedure for transfer of shares, with the name of the existing holder(s) as transferors and the names of all the proposed joint holder(s) as transferees. All the applicable formalities for transfer of shares will have to be complied in this case.
The process of changing the order of the joint holding is called transposition of holdings. For this purpose, you will need to follow the procedure for transfer of shares, with the names of joint holders in the existing order, as transferors and the names of the joint holders in the desired order, as transferee. All the applicable formalities for transfer of shares will have to be complied in this case.
If you want to consolidate all your shares held by you in different folios in the Company into any one folio, you will need to follow the procedure for transfer of shares. In this case, transfer will have to be done separately for each different folio. In such transfer, the transferee folio no. in which the consolidation has to be done, has to be entered in the space provided for this purpose in the transfer form. The names of the shareholders in the transferor folio will have to be entered in the space provided for transferor folio and the names of the shareholders in the transferee folio will have to be put in the space provided for transferee. All the other formalities for transfer of shares will have to be complied in this case.
If you wish to stop transfer of shares certificates, which have been lost, please make an application to the Company/Registrars on plain paper, duly signed by all the registered holders, with or without a copy of an FIR lodged with the police.
If you submit this letter without FIR copy, a temporary stop transfer request will be registered on your folio. You will need to submit a copy of the FIR lodged the police for loss of share certificates within 21 days of submission of this letter, failing which the stop transfer request will be removed by the Registrars.
If your letter for stop transfer is registered with a copy of the FIR lodged with the police, a permanent stop transfer will be registered against your folio. This stop transfer will remain in force till you apply to the Company/Registrars for removal of the stop transfer.
For exchange of share certificates of shares of Rs. 10/- each with share certificates of shares of Re. 1/- each, you will need to make an application to the Company/Registrars on plain paper, duly signed by the shareholder/(s), along with the original share certificate. If all the documents are in order, then you will get the new share certificate of shares of Re. 1 each, within 20-25 days from the date of receipt by the Company/Registrars.
However, if your share certificates of shares of Rs. 10/- each have been lost/misplaced, you will need to submit the necessary documents as required for issue of duplicate share certificates, along with the application.
Please note that you will get 10 shares of Re. 1/- each for every 1 share of Rs. 10/- each held by you.
The shares of Re. 1 each will not be credited directly to your demat account. You will have to make an application to the Depository Participant with whom you have a demat account, together with the share certificate.
Name can be changed in the following cases -
- Marriage of the registered shareholder
- Voluntary change of name of the registered holder
- Change in the name of a Corporate body
For this purpose, you are required to submit the following documents -
- An application for change of name, duly signed by all the registered holders.
- Duly attested copy of the marriage certificate or Gazette notification. (In case of individual shareholders).
- Duly certified copy of the Certificate of Incorporation evidencing the change of name for corporate bodies, along with Board Resolution for authorized signatories (In case of Corporate Bodies).
Please note that if you are holding shares in dematerialized form, all the aforesaid details are to be given to the depository participant (DP) with whom you maintain your demat account. Please check with your DP for further details.
If you are holding shares in physical form, please send an application, duly signed by all the registered holders, to the Company/Registrars, stating the new address which has to be incorporated in the records. Please make an application in Annexure C accompanied with certified copies of any two of the following documents containing the new address
- Ration Card.
- Electricity Bill.
- Telephone Bill.
- Passport.
- Driving Licence.
- PAN Card.
- Voters Identity Card.
- Rent Receipt.
- Certificate from your housing society,confirming your new address.
Please note that if you are holding shares in dematerialized form, all the aforesaid details are to be given to the depository participant (DP) with whom you maintain your demat account. Please check with your DP for further details.
If you are an individual and holding shares in physical form, please make an application to the Company, duly signed by you, in the form as given in Annexure D, duly notarized on a Rs. 100/- Stamp Paper, along with the following documents -
- Your new signature, attested by your bankers
- Certified copy of any document (PAN Card, Driving License Passport etc) containing your new signature
If you are a Corporate holding shares in physical form, your request for change of authorized signatory must be accompanied by a copy of the board resolution authorising the new person(s), duly certified by your Director/Company Secretary. In addition to the above, the signature of the new person may also be attested by your Bankers, as an added precaution.
In case you are an individual or a corporate holding shares in dematerialized form, you need to submit your request for change of signature to your depository participant, along with the necessary documents as may be required by your depository participant. Please check with your DP for further details.
In case you have any of the above warrants which have remained un-encashed for any reason and the validity period of these warrants have expired, you will need to submit these warrants to the Company/Registrars for revalidation, along with a application on plain paper for revalidation, duly signed by all the registered holders. On submission of these warrants to the Company/Registrars, you will be issued a Demand Draft in exchange of these warrants.
In case of dividends pertaining to the periods after 1994, which have remained unclaimed by you for more than 7 years from the date of the warrant, have been transferred to the Investor Education and Protection Fund of the Central Government will not be recoverable from the Company/Central Government. However, as per the extant law, interim dividends upto year 2000, are not transferable to the Fund, and hence can be claimed from the Company/Registrars.
It is therefore advisable to claim your unclaimed dividends/debenture principal/interest amounts from the Company within 7 years from the date of payment.
In case you have lost/not received any of the dividend warrants, please make an application to the Company/Registrars on plain paper, duly signed by you, mentioning the fact of the lost warrants and with a request for issue of duplicate warrants. The details of the periods for which the warrants have not been received/have been lost, need to be mentioned in the letter. In case the validity period of the warrants have expired, please submit an indemnity bond in the applicable formats given in Annexure E, along with the application. In case the validity period of the warrants has not yet expired, please submit an indemnity bond in the applicable formats given in Annexure E, along with the application.
Please note that you will be issued a fresh Demand Draft in exchange of the warrant lost/misplaced, on verifying the status of the warrants.
Please also note that unclaimed dividends are subject to transfer to the Central Government as per details given in above point.
If you are holding shares in physical form, you can add a new ECS Mandate or change an existing ECS Mandate already registered with the Company by making an application to the Company/Registrars. The format of the application form is given in Annexure F. The form should be signed by all the registered holders and should contain all the relevant bank account details accurately. For accurate entry of your bank account details in our records, please attach a photocopy of a blank cheque issued by your bank, in respect of the account you wish to make a mandate for. In case you are not able to give a photocopy of the cheque, please get the details of the bank account duly attested by your banker. Please read the instructions given on the form carefully before filling and sending the application form.
If you are holding shares in physical form and you do not want to register an ECS Mandate, but only want to register a bank mandate or change an existing mandate, all you need to do is to send an application to the Company/Registrars with details of the bank account number, bank name, branch and detailed address of the branch. The application should be signed by all the registered holders. For accurate entry of your bank account details in our records, please attach a photocopy of a blank cheque issued by your bank, in respect of the account you wish to make a mandate for. In case you are not able to give a photocopy of the cheque, please get the details of the bank account duly attested by your banker.
In case you want to nominate any person as a nominee for the shares held by you in the Company, please make an application in the prescribed form given in Annexure G, duly signed by all the registered holders. The nomination will be registered and intimation will be sent to you at your registered address, confirming the nomination.
If you want to dematerialize the shares held by you in physical form, you will have to follow the following procedure -
- In case you do not have a demat account, you will have to open a demat account with a depository participant (DP) of your choice. Please note that the demat account must be in the same name(s) as are mentioned in the share certificate. In case of any difference in the names, the application for demat of shares is liable to get rejected.
- Once you have opened a demat account, or if you have already opened a demat account, please approach your DP and fill in the Demat Request Form (DRF) and submit the same to the DP, duly signed by the registered holders, along with the original share certificates.
- If you feel that your signature on the DRF will not match with the signature registered with the Company, please submit all the relevant documents for signature verification.
- The DP will send the application form along with the share certificate to our Registrars, who will process the application and arrange to credit the shares to your demat account, if the application form is in order. This process takes a maximum of 21 days from the date of receipt of DRF by our Registrars.
The procedure for conversion of shares held in demat form to physical form is called rematerialization. For this purpose, you will have to submit a Remat Request Form (RRF) to your Depository Participant (DP) along with the relevant documents, which may be required by the DP. The RRF will be sent by the DP to our Registrars, who will process the application and issue share certificates, in case the application form is in order. This process takes a maximum of 21 days from the date of receipt of the RRF by our Registrars.
If you want to delegate some of the powers in respect of your shares to some other person, please execute a Power of Attorney (POA) in consultation with your advocate, delegating the rights to a person whose name is mentioned in the POA. Please lodge the duly notarized POA with the Company. You POA will be registered and an intimation will be sent to you confirming the registration of the POA.
If you want to revoke a POA already registered with us, please send an application duly signed by all the registered holders. Our registrars will update their records for POA revocation and an intimation will be sent to you confirming the noting of revocation of the POA.