Glc wealth Recovering unclaimed asstes

Transfer of Shares is the process of transferring ownership to the transferee. In other words, it is a voluntary act of transferring shares from one person to another. On the other hand Transmission of Shares takes place when someone dies and the ownership is transferred under the supervision/operation of the Inheritance Laws in India, to the legal heirs of the deceased and The fundamental question in the shared field is the difference between the transfer of shares and the transmission of claims. Transfer of Shares Refers to the transfer of ownership of shares from one person to another. It can be made at any time and frequently. It is a voluntary transfer. Requires completion of a stock transfer form and payment of any applicable stamp duty. Can be made by an individual or a legal entity. The transferor must hold a valid title for the shares. The transfer is subject to compliance with the provisions of the Companies Act and SEBI regulations. Transmission of Shares Refe...

  If you lose your physical shares, there are two ways to recover them: Apply for duplicate share certificates. You can contact the company or registrar of the shares you hold and apply for duplicate share certificates. You will need to provide them with proof of your identity and ownership of the shares, as well as a police report if the shares were lost in a theft. The company or registrar will then issue you with new share certificates. Claim the shares from the Investor Education and Protection Fund (IEPF). If the shares have been inactive for a certain period of time, they may be transferred to the IEPF. You can then claim the shares from the IEPF by submitting a claim form and providing the necessary documentation. The following are the documents you need to submit to recover your lost physical shares: Affidavit:  This is a sworn statement that you have lost your share certificates. Indemnity bond: This is a document that guarantees that you will not hold ...