On death of the shareholder, the nominee has to elect either to register himself as a shareholder or to transfer the shares. If he elects to register himself as a shareholder, he has to intimate his decision in writing preferably to our R & ST Agent, M/s RCMC Share Registry Private Ltd.* This will be in the form of a transmission and therefore will not attract stamp duty.
If a shareholder elects to transfer the shares, he has to send a notice in writing to our R & ST Agent, M/s RCMC Share Registry Private Ltd.*. Since this amount to transfer of shares like any other transfer, the same would attract stamp duty.
