The method of receiving equity shares of the deceased was announced – Tejaratnews

The head of the Securities and Exchange Organization said: the heirs of the deceased’s equity shares should go to the brokerage and judicial offices so that the brokerage can transfer the shares electronically.

According to Tejarat News, Majid Eshghi explained about the transfer of shares of deceased beneficiaries: More than three million and 500,000 beneficiaries of justice shares have died in the past years, and the transfer of shares must be done electronically. Based on this, judicial offices faced problems regarding the system and information transfer.

Eshghi continued: For this reason, the resolution was changed and brokerage companies were involved. Based on this, we provide a system part to the brokerage so that they can do this. People should go to brokerages and judicial offices so that the brokerage can do this work electronically.

He added: The heirs must present the heirs’ monopoly certificate so that the transfer can take place based on the specified share. In the system, the percentage of each heir is determined and forced transfer is done electronically. The structure has changed recently and its technical infrastructure is being prepared.

According to this report, more than three million people who are entitled to equity shares have died in the past years, and their shares should be given to the heirs after the inheritance process. Of course, some of the heirs have also died and this has made the process more complicated. For the transfer of shares, it was suggested that the heirs visit the electronic service offices in person, which was very time-consuming. Therefore, this process was decided to be done electronically in cooperation with the Central Depository Company and the Judiciary until September. But it seems that the judiciary is a little behind schedule in sending information to the depository.

Source: ISNA