How To Transfer Share From One Person to Another Person

Shares in one person’s name can be transferred to another person’s name. But according to the law of Nepal, family and death can be transferred only as per the order of the court. The act of transferring the securities in the account of the deceased to the account of the legal right holder or the desired person is called household and death transfer of securities. Securities are shares. The name transfer can be done easily by submitting the required documents to the DP for transfer to the holder of the securities in the demat account. DP is the company that opened its demat.

Here are some of the most frequently asked questions and their answers:

1. How to claim the demat account securities of the deceased beneficiary?

The rightful person should submit the application to the DP by attaching the following documents along with the transmission request form (TRF).

  • Certified copy of death registration certificate
  • Certified copy of the deceased’s citizenship certificate
  • Certified copy of the right holder’s citizenship certificate
  • Certified copy of Certificate of Relationship
  • With the approval of the heir

The DP sends a request to transfer the securities in the name of Hakwala if the validity of the application is verified. Then comes the registered share in your account.

2. How to transfer the title claim of the securities received from Anshavanda?

The claimant should attach the following documents with the TRF and submit the application to the DP.

  • Certified copy of the certificate of citizenship of the borrower
  • Written certified copy passed by the Land Revenue Office
  • Other certified copies requested

The DP sends a request to transfer the securities in the name of Hakwala if the validity of the application is verified. Then comes the registered share in your account.

3. How to transfer family name within 3 generations of a single family?

  • In order to transfer a household name within 3 generations of a single family, the following documents should be attached and an application should be submitted to the DP.
  • Application for both share transfer and share transfer
  • Documents showing family within 3 generations
  • Copy of citizenship of both share taker and giver
  • Share Certificate
  • A copy to prove the relationship between taking and giving shares

The DP sends a request to transfer the securities in the name of Hakwala if the validity of the application is verified. Then comes the registered share in your account.

4. How to transfer the rightful share from the court decision?

The following documents should be attached with the TRF and an application should be submitted to the DP for the transfer of the rightful share from the court decision.

  • Certified copy of court decision
  • Certified copy of the citizenship certificate of the right holder
  • Invoices of the court

The DP sends a request to transfer the securities in the name of Hakwala if the validity of the application is verified. Then comes the registered share in your account.

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