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.
There may be further identification requirements at the discretion of the Board of Directors.
If the nominee elects to be registered as a holder of shares, he shall send a notice in writing stating that he so elects.
