Transmission

  • I am the legal heir/executor in respect of the sole holder who is now deceased. How do I transmit the securities?

    Please submit the certificates along with the attested copy of the Succession Certificate or Probate of Will or Letter of Administration obtained in respect of the sole holding. You are also required to submit the prescribed transmission form available with KCPL duly completed and signed by the legal heir(s)/executor(s) whose signature(s) should be verified by his/their bank manager under his official seal stating his full name, designation with name and address of the bank. Attestation on the legal document should be done by aNotary Public under his official seal stating full name, address and registration number. 

    In case you do not have any such form of Legal Representation, please write to KCPL for further advice. Dependent upon the type and size of holding, certain documentation may be required for transmission of securities in favor of the legal heirs.

  • If the holding is in joint names and either of the holders is deceased, what is the procedure for deletion of name?

    The surviving shareholder(s) will have to submit an attested copy of the death certificate of the deceased holder along with the relevant certificates and the prescribed transmission form available with KCPL duly completed and signed by the survivors as per the specimen signatures registered with KCPL so that the name of the deceased can be deleted from the Company's records as well as from the certificates. KCPL will then return the share certificates to the applicant/registered holder with necessary endorsement.

    Attestation on the death certificate should be done by a Notary Public/Bank Manager under his official seal stating full name, address, and registration number (in case of notary public) and full name, designation with name and address of bank (in case of bank manager).

  • Along with the deletion of the deceased holder's name, can I add another joint holder?

    Yes, but the transaction would be treated like a normal transfer and would attract stamp duty. An attested copy of the death certificate of the deceased holder along with the relevant certificates and duly completed transfer deed should be submitted to KCPL.

    Attestation on the death certificate should be done by a Notary Public/Bank Manager under his official seal, stating full name, address and registration no (in case of notary public) and full name, designation with name and address of bank (in case of bank manager).

  • How can legal heir(s) get the shares transmitted in their names if a shareholder who held shares in his sole name dies without leaving a will?

    Firstly the legal heirs have to obtain a Succession Certificate or Letter of Administration with respect to the shares and a true copy of the same, duly attested by the Court Officer, or Notary should be sent to KCPL with a request letter along with all the share certificates in original, for transmission in their favour.

  • If the deceased family member who held shares in his own name (single) had left a will, how do the legal heir(s) get the shares transmitted in their names?

    The legal heirs will have to get the will probated by the Court of competent jurisdiction and then send a copy of the probated will, along with relevant schedule/an nexure setting out the details of the shares, the relevant share certificates in original and transmission form for transmission.

  • I have already produced the attested/registered will. Since getting it probated would take a long time and money, can I avoid that procedure?

    You will appreciate that in order to ascertain that the will in question is the last will and testament made by the deceased, it is important that the same is authenticated/ probated by the Court. This is to protect the interest of the investors at large and to obviate any future claims/disputes on the same.

  • The name of a joint holder was included only for convenience by the first holder. I am the only heir. Could you transfer the shares in my name as per the will/probate?

    As per law, the joint holder is deemed to be having indivisible ownership of the joint property and Adani Power cannot ascertain as to how or why the name was included. As per the Articles of Association of the Company, the surviving joint holders are the only persons recognized as having title to the shares.

  • What is the procedure for transmission of shares in favour of the nominee?

    Upon death of the shareholder or of both the joint shareholders as the case may be,the nominee would be required to furnish the following documents in addition to any other for the purposes of identification:

    (a) Certified true copy of death certificate of shareholder
    (b) Proof of date of birth of the nominee
    (c) An affidavit/declaration by the nominee declaring his rights
    (d) The original share certificate 

    On production of above documents and any further documents, if required, and on being satisfied about the identity of the nominee, will request the nominee elect either to register himself as holder of shares or to transfer the shares,the nominee is then required to issue a notice of election.