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of <h1>Guidelines for Transmission of Shares: Procedures, Required Documents, and Nominee Rights under Secretarial Standard-6 (SS-6)</h1> The Secretarial Standard-6 (SS-6) on 'Transmission of Shares and Debentures,' issued by The Institute of Company Secretaries of India, outlines the procedures for the transmission of shares due to the death or insolvency of a shareholder. Transmission involves the transfer of shares by operation of law, not by sale. It requires documentation such as a death certificate, succession certificate, or probate. Companies may waive certain requirements but may request indemnity. Nominees can register or transfer shares upon a shareholder's death. The standard mandates maintaining a register of transmissions and applies to shares held individually or jointly, with specific protocols for each situation.
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