Can shares transfer without nomination but with a Will?
Can shares be transferred without a nomination, but with a Will? Is a true copy of the Will and death certificate, signed by elected representatives, acceptable? Can Transfer Forms E and F be signed in front of elected representatives (such as a corporator)? If Form E is attested by a notary, is a separate witness still required? Regarding Form F (NOC): The form mentions that the securities holder died intestate, but this is incorrect. My father had made a Will in my favor. Also, does "Signed by Deponents" mean non-claimants?
Shares can be transferred without nomination if you have a valid Will and are the legal heir. A true copy of the Will and death certificate, signed by elected representatives, is usually accepted, but probate may be needed depending on share value. Forms E and F can be signed in front of elected representatives or a notary, check company rules. If Form E is notarized, a witness may not be needed. On Form F, attach the Will and clarify the holder did not die intestate. “Signed by deponents” means non-claiming heirs giving consent. For further legal assistance, contact us on our helpline number.
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