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Claiming Shares without Nominee
08-Jun-2025 (In Property Law)
My father passed away in December 2024. He had shares above 15 lakhs but there is no nominee registered. Stock broker is asking for either Succession Certificate or Legal Heir Certificate from court to transmit shares. My lawyer told me both of these certificates are the same and court fees would be about 4% of the share value.
1) Are both of them the same?
2) What is the exact court fees for Succession/Legal Heir Certificate in Karnataka?
3) Is there a maximum limit for court fees?
10:59
Query Response
In Property Law
Client Query
My father passed away in December 2024. He had
shares above 15 lakhs but there is no nominee
registered. Stock broker is asking for either
Succession Certificate or Legal Heir Certificate from
court to transmit shares. My lawyer told me both
of these certificates are the same and court fees
would be about 4% of the share value. 1) Are both of
them the same? 2) What is the exact court fees for
Succession/Legal Heir Certificate in Karnataka? 3) Is
there a maximum limit for court fees?
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Adv. Narasimhachar M K
Mysore | 100+ Answers
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