FAQ

Our service charges are nominal. It depends upon the nature and complexity of the work involved. Hence, it varies for every client. First let us talk and understand each other. We are sure, pricing won’t be an impediment.

We operate on a success fee model. We do not charge any advance and it is purely on success pay. However, we charge a small up front fee, often as low as Rs.1000/- plus GST more as a client commitment. There are a few costs you need to pay. They are listed in “Terms of Engagement”.

Let’s complete it for you. What if we are one of those scamsters? Well, we have healthy references. You can check about our services with them. Please go through the “Team”. Come to the office and talk to us. If you still think, there are better agencies, use them.

How else can we represent you? We just take specific power of attorney. It permits us to represent you with companies and Registrars. Signing any document that requires specimen signature is expressly omitted. We don’t sign transmission forms, NECS forms, Demat forms, etc, even in case of foreign clients.

We are just assimilating publicly available data. Our marketing team does enquiries to reach you. It is wholly up to you to hire us or do it yourself.

No. Your brother’s legal heirs will get equal amount of shares

Yes, it is possible to get the shares back. We will get the details from the company, file FIR, prepare various related documents, follow up with the registrars and get your shares back.

If the dividends are not claimed for 7 years consecutively, the shares as well as dividends lands into the hands of IEPF, an account of Government of India. We will coordinate with IEPF and company and get your shares. There is a separate page on IEPF. It gives more information on IEPF. Our Blog also has more information

If an individual share’s market value is more than Rs. 2 lakhs, you need to get a succession certificate from the Court. We can help you in getting this. Once you get the succession certificate, we will approach the company and get it transferred in your name. If the share market value is less than Rs. 2 lakhs, there is no need to get a succession certificate.

We can approach the company, give necessary documents and change the address. Once it is done, we will get you the past dividends.

Yes. Once you give your father’s name and address, we will reasonably be in a position to dig out the shares against his name. We do not guarantee, but we will put our best efforts in helping you out.

When a person dies intestate (without leaving a will), succession certificate by a competent court listing out all the movable properties along with its value is required. Whenever the value of a particular share is over Rs.2,00,000/= (Rs.5,00,000/- in case of Demat Account) succession certificate is compulsory.

Legal heir certificates are accepted in case of shares with market value less than Rs.2,00,000/- For others, Succession Certificate is necessary.

Probate (In case there is an executor to the will) or Letter of Administration is a court decree which authenticates the validity of last will of testament. This is compulsory in case of the Metro Cities for registering even immovable properties.

We will claim every rupee that is due to you in whatever form – Bonus Shares, Split Shares, Unclaimed Dividend, Dividend with IEPF and shares with IEPF.

Yes. Account will have to be a non repatriable account.

No need. All the documents will be sent to you for signature and will be reported you to complete the job.

Yes. You have to take the Succession Certificate in India. However, if a shareholder dies in a foreign country, other possibilities can be explored

In this case there is no need for Succession Certificate from an Indian court. Letter of demonstration from the US authorities indicating legal heirship, death certificate and Proof of identity are good enough.

There is no bar in holding physical share. However if you have to sell it, you have to have a demat A/c. Since the shares are invested out of income originated in India, we have to necessarily open a Non- PIS (Portfolio Investment Scheme) Demat A/c. This is an RBI guideline, This account will have to be connected to a NRO A/c. This is required to ensure non-repatriation.

Previously there was Estate Duty Tax. This was abolished. There is no need of paying Inheritance Tax in India.

Yes. Subject to capital gain tax as above, you would need a Chartered Accountant Certificate in Form 15 CB, certifying that there are no competent income tax dues on the amount proposed to be remitted. This has to be submitted to the bank to enable them to remit money abroad. There is a cap of $ 1 million p.a., though. It is an automatic route and no special permission is indicated. This link has more information. https://www.rbi.org.in/scripts/FAQview.aspx?Id=33#Q2

These are long term capital gain. w.e.f., 1st April 2018. There is a 10% tax on long term capital gains. Price for this purpose will be a closing price as on 31st Jan 2018 or the purchase price differ is higher. There will be no indexation. Hence there is a likelihood of marginal long term capital gain tax.