If the shares are held in joint names, only the deceased shareholder’s name is
deleted. A copy of the death certificate of the deceased shareholder duly attested by competent
authorities (magistrate, notary public, gazetted officer, managers of nationalised banks) is to be
sent to the RTA along with the original share certificate. In case of a single shareholder, the
shares will be transmitted in favour of those persons who are heirs of the deceased registered
shareholder as per the probated WILL executed by the deceased. In case the deceased
shareholder has not left any WILL, transmission of the shares will be effected only on production
of succession certificate, letters of administration or indemnity bond.