Transmission of shares on death/insolvency: legal heir submits succession certificate, Board approval. Share Transmission takes 5 steps over about 65 days.
Last updated: 10 August 2026
5 steps over about 65 days. Each deadline below runs from the step before it.
| # | Step | Form filed | Deadline |
|---|---|---|---|
| 1 | Receive Transmission Documents | None | within 7 days |
| 2 | Verify Legal Documents | None | within 7 days |
| 3 | Board Approves Transmission | None | within 14 days |
| 4 | Update Register of Members | None | within 7 days |
| 5 | Issue New Share Certificates | None | within 30 days |
The 5 steps below run in order; the day counts show how long each one allows.
Receive succession certificate / probate / letter of administration from legal heir.
Verify authenticity of succession certificate and identity of legal heir.
Board approves transmission of shares to legal heir.
Record transmission in Register of Members.
Issue new share certificates in the name of the legal heir.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.
About 65 days across 5 steps. The first step is: Receive Transmission Documents.
Yes. OnCompliance runs the same steps in order, dates in view, with the paperwork made for you at each step.