New Delhi: The untimely demise of veteran investor and stock market stalwart Rakesh Jhunjhunwala has shocked the entire nation and especially the investors.
Rakesh Jhunjhunwala’s portfolio is the most watched by retail investors as well as institutional investors, as several bets made by the ‘Big Bull’ of the Indian stock market have given him impressive returns. Investors always keep an eye on the stocks they add or subtract from their portfolio.
In the event of his untimely death, a very relevant question arises regarding the transfer of shares and shares of the deceased.
Know what happens to the shares and shares owned by a person after his death
In case of untimely death of a person, his shares and shares can be given to the nominee by submitting a copy of the death certificate attested by a Notary/Gazetted Officer.
This form should be registered with the appropriate custodian like NSDL or CDSL. If the nomination is not registered, the heirs of the deceased will have to submit any one of the following:
One. Willow’s Probate
b. succession certificate
C. letter of administration
Dharmendra Chachan, Partner Chachan and Lath told Zee Media, “The nominee is a trustee and not the owner. If there is a will, the shares will be disposed of as per the will, otherwise distributed among the legal heirs as per the Hindu Succession Act . “