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Message: <blockquote data-quote="sherlock" data-source="post: 10688921" data-attributes="member: 106046">NominationsA facility is available whereby account holders could nominate another person/s to receive shares in the event of a death of the account holder. This has been provided for by law through an amendment to the civil procedure code. The transmission of securities where a nomination has been made eliminates the need for legal documentation such as a probate or letters of administration and expedites the process of transfer of shares to the named beneficiariesTransmissionsThe transmission of shares to the heirs of a deceased shareholder is done by forwarding the necessary documents such as the probate or letters of administration to the CDS through the CDS Participant and registering the same with the relevant company secretary. Stamp Duty is payable to the Department of Inland Revenue for such transmission of shares.Best thing would be to contact a reliable stock broker (CDS participant) and ask them to help you with the paperwork. Additional read cse.lk</blockquote>

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