Transfer of share

1. Sharesamadhan

2. Share Samadhan is a dedicated team of professionals having niche experience in the area of unclaimed investments. We provide customized service to nagging problems of blocked investments in shares and mutual funds. Share Samadhan is an expert in bringing your money back.

3. About us • Share Samadhan is part of WhiteInc group, a Delhi-based diversified firm managed by qualified Chartered Accountants, Company Secretaries and lawyers with pan-India footprints. The group is on growth path with presence in financial advisory service, capital market consultancy and human resources.

4. Transfer of Shares • An investor may face numerous problems while transferring shares to his name. Share Samadhan provides services to investors who encounter following problems: Mismatch of signature: Sometimes companies deny transfer of shares due to mismatch of the signature of the transferor in the transfer deed and specimen signature available in company records. Non-submission of transfer deed:The buyer has paid the consideration but has not submitted the transfer deed with the company. Consequently, as per the company records, the shares still remain in the seller’s name. Loss of share certificates: A shareholder may loss share certificates, hence, denying him from valuable possession of his investments. The shareholder has to get duplicate share certificates in his or her name from the company. Mutilated share certificates: Due to wear and tear of share certificates sometimes they get mutilated causing problem in share transfer. 

5. TRANSMISSION OF SHARES • Transmission of shares at times is hugely cumbersome and runs into many legal complications. We help our clients by providing services relating to entire range of transmission of shares. A few common issues that we come across frequently are as follows: Mixing up transfer of shares with transmission of shares: One of the widely- experienced problems is not to find out the difference between transfer and transmission of shares. The Companies Act clearly distinguishes transmission of shares from transfer of shares. While transfer of shares relates to a voluntary act of the shareholder, transmission is brought about by operation of law. Unlike transfer of shares, in case of transmission, shares are transferred without any consideration. The transmission takes place on the basis of will or an agreement. Holding in various companies: In case the deceased shareholder had holdings in different companies, the relevant documents must be sent to each of the companies along with the share certificates in order to effect transmission of shares. This needs constant follow-up with each of the companies. Jointly-held securities: Problems also arise if deceased was one of the joint holders. In that case the surviving holders must have a depository account and apply for transmission of shares following the due procedures. 

6. DEMAT OF SHARES • Here are a few problems that a shareholder often faces. We help such problems and help investors to convert physical shares to demat.:Dormant demat account:Demat account of an investor may become dormant due to inactivity for a long time. This frequently happens with passive investors who adopt a ‘buy and forget’ approach. This may also happen with an investor who opens new demat account without transferring shares to it from old account. In such cases, the investor faces problems in trading, transfer and transmission of shares.Lack of updated information: An investor has changed address, but the details are correspondingly not updated with the depository participant or the company, resulting in a mismatch with the shareholder’s database. In this case, the investor may lose benefits such as dividends, bonus, split shares, rights issues etc.Loss of demat details: For some reasons, a shareholder may loss his demat details, resulting in complete lack of communication with the company and depository participant. 

7. UNCLAIMED DIVIDENDS • Although the government has ensured unclaimed dividends, deposits, debentures, bonus, split shares etc to be in safe hands so that the investors can claim it even after a certain period, the number of the affected investors are no less. We provide a whole range of servcies to investors to recover their unclaimed dividends, bonuses, split shares etc. An investor may face such problems because of following reasons:Outdated records: Unclaimed Dividend largely exists due to incorrect or outdated details of a shareholder in company’s records. Non-intimation of change of address or other details to the respective company results in mismatch of investor’s database with various authorities.Non-execution of transfer: Shares purchased by an investor remain in the name of the seller due to non-execution of transfer in the name of the buyer. This happens when an investor holds physical shares.Non-execution of transmission:It happens when a legal heir or successor fails to ‘transmit’ shares in his name after the death of an investor in whose name shares or debentrues are actually held in company’s records, leading to unclaimed corporate benefits including dividends etc.

8. CONVERSION OF SHARES, DEBENTURES • Share Samadhan provides service to investors facing following problems: Inadequate records: Change of address, bank accounts or any other details are not in the company’s record, leading to lack of exchange of communication between company and investor.Long maturity period: As these are long-term investments ranging from 10 to 20 years, investors tend to lose track of it.Loss of certificates:Becuase of long holding period, it’s quite a common issue that investors loss certificates as many still hold it in physical form.

9. Contact Us Share Samadhan B - 35, Lower Ground Floor, South Extension - Part II New Delhi - 110049,, India, South Extension II, New Delhi, Delhi 110049  +91 11 49 08 40 02 / 03 /09 samadhan@sharesamadhan.org