Our Services

Tracing of Investments

We assist shareholders/claimants to find investments in shares lying unnoticed/untraced in their or family members’ name. The shareholder/heirs might be unaware of such investments owing to certain reasons including change of communication address along with non-possession of share certificates/other communications implying shareholding, etc. ... ; we at Chawla Sons, have designed and developed in-house customised intelligent systems to attempt and search the investments in shares across entire population of listed and unlisted companies.

Read More

Claiming of shares and dividends from IEPF Authority

Investor Education and Protection Fund(IEPF) is meant for promotion of Investors’ Awareness and Protection of the interests of investors in India. Any money transferred to the Unpaid Dividend Account of a company in pursuance to section 124(5) which remains unpaid or unclaimed for a period of seven years (7 year ... and 37 days from the date of declaration of dividend) shall be transferred by the company along with interest accrued, transferred to IEPF. if any, thereon to IEPF. Further, Ministry of Corporate Affairs vide its notification dated October 13, 2017 mandated that ‘All the shares in respect of which dividend has not been paid or claimed for seven consecutive years or more shall be transferred by the company in the name of Investor Education and Protection Fund’ as on the due date October 31, 2017. In this regards we shall assist investors/claimants to seek refund of the shares and/or the amounts

Read More

Duplicate/Renewed share certificates

A duplicate share certificate shall be issued by the company upon orderly compliance with the procedure as may be laid down by the company’s Share Registrar and Share Transfer Agent (‘RTA’), we shall assist our clients to comply with various requirements ... including filing of a missing complaint with concerned police authorities having jurisdiction upon the issuing company being notified about the same. One then has to complywith the procedure including executing the requisite forms, after which the advertisementpertaining to the loss in the prominent newspapers shall follow, giving time to anyone else to stake a claim. If no such claim is forthcoming, then uponthrough verification, oncethe issuer is satisfied that everything is in order, the share certificates shallbe issued by the company under it’s seal. A share certificate that is defaced, mutilated or torn can be processed by the company and a duplicateshare certificate be issued in respect of the same number of shares. The shareholder in such a case must submit the old certificate which is damaged along with such other documents as may be required by the company.

Read More

Transmission of Shares

The Companies Act distinguishes transmission of shares from transfer of shares. While transfer of shares relates to a voluntary act of the shareholder, transmission is brought about by ‘operation of law’. The word 'transmission' means devolution of title to shares otherwise than by transfer, for example, devolution by death, inheritance, insolvency, lunacy, etc. ... While transfer of shares is brought about by delivery of a proper instrument of transfer (viz. transfer deed) duly stamped and executed, transmission of shares is done by forwarding the requisite documents to the company. On registration of the transmission of shares with or without production of probation of WILL, Succession Certificate or Letters of Administrations, the person entitled to transmission of shares becomes the shareholder of the company and is entitled to all rights and is subject to all the liabilities as the deceased shareholder. In case where the shares are held in dematerialised form, the legal heir(s) of the deceased must request the Depository Participant(‘DP’) to transmit the balances of securities lying in the deceased shareholder’s account to the account of the legal heir(s)and shall comply with the requisite procedure. Further, in case where the shares are held jointly and/or in case where a nominee has been registered, the right of entitlement for transmitting the shares shall be evaluated thoroughly by referring to the applicable provisions of the Companies Act 2013 read together with the Articles of Association of the company and the applicable succession law of the country, etc.

Read More

Transfer of Shares

It is basically a procedure where the title in the shares is transferred from one person to another. We could assist people to claim title in the shares by attempting to give effect to the transfer deeds that were executed prior to December 01 2015 butwere rejected to be registered and/or are still available with the transferees as these were deficient and could not be registered under normal circumstances ... and thus the title could not be transferredin theirname owing to expiration of transfer deeds, non- availability of copy of Pan Card of the transferor, signature mis-match, etc.

Read More

Other Share Certificate related services

a) Change in Name and/or Address–We assist shareholders to give effect to modification in shareholder’s name due to difference in spelling, change of name owing to marriage, Deletion of deceased holder’s name appearing on the certificate and change in registered address. b) Updation of signature – This situation genrally occurs due to change in style of signature over ... many years. Therefore to execute any action concerningthe share certificates, the signature is required to be updated in company’s records. c) Exchange of share certificates - Claiming of new certificates that came into existence owing to various corporate actions including bonuses, splits, mergers/de-mergers/acquisition, change of name, etc.

Read More

Assistance to seek probation of the Will

Probate is the judicial process whereby a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased. The granting of probate is the first step in the legal process of administering the estate of a deceased person, resolving all claims and distributing the deceased person's property under a will ... . A probate court decides the legal validity of a testator's (deceased person's) will and grants its approval, also known as granting probate, to the executor. The probated will then becomes a legal instrument that may be enforced by the executor in the law courts if necessary. A probate also officially appoints the executor (or personal representative), generally named in the will, as having legal power to dispose of the testator's assets in the manner specified in the testator's will. However, through the probate process, a will may be contested.

Read More

Assistance to obtain succession Certificate/Letters of administration

Succession Certificate is a certificate granted by the Courts in India to the legal heirs of a person dying intestate leaving debts and securities. A person is said to have passed away intestate when he/she does not leave a legal Will. Succession certificate entitles the holder to make payment of ... debt or transfer securities to the holder of certificate without having to ascertain the legal heir entitled to it. Succession certificate provides indemnity to all persons owing such debts or liable on such securities with regards to all payments made to or dealings had in good faith with a person to whom a certificate as granted. Hence, many organisations and people request for succession certificate before settling the debts or securities of the deceased in favour of the person claiming such debts or securities. Letters of Administration are granted by a Competent Court to appoint appropriate people to deal with a deceased person's estate where property will pass under Intestacy laws or where there are no executors living (and willing and able to act) having been validly appointed under the deceased's will.

Read More

Dedicated Desk for corporate clients

An NRI (Non-Resident Indian) is an Indian citizen who is ordinarily residing outside India and holds an Indian Passport. Furthermore, where a PIO (Person of Indian Origin)/ OCI (Overseas Citizen of India) card holders are ... people whose ancestors were of Indian Nationality and who is presently holding another countries’ citizenship/nationality (i.e. he/she is holding foreign passport). In respect of facilities available in economic, financial and educational field, PIO/OCI is considered the equivalent of an NRI. We have a dedicated desk to cater to the needs of NRIs, PIOs or OCIs.

Read More

Dedicated desk for NRIs

We have a specialized desk meant to resolve issues being faced by Corporate Entities, Partnership Firms, Association of Persons (AOPs) or Body of Individuals (BOIs) ... or Trusts, etc. relating to investments held by them in their names in physical or dematerialized form.

Read More