Non despatch of share certificates
04-Oct-2023 (In Corporate Law)
My mother was share holder of a company. The company did not send share certificates to her but was sending dividends and communications to her, which she was entitled to as a share holder. Now she has expired. I want her shares to be transmitted in her legal heirs name. The company is neither sending share certificates nor giving any reply to the communications sent to it. The experts on this forum please advise what recourse I have and how to go in for legal remedies.
Thanks in advance.
You should get issued a legal notice to the company asking for the share certificates. Secondly it has to be examined whether your mother had left any Will. If yes, it will be devolved in accordance with the will. If not that than succession certificate has to be obtained from the civil court by filing a petition under section 372 of the Succession Act.
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