2023-12-11Transmission of Shares in Malaysia
(1) |
Transmission by nomination If the deceased shareholder had nominated a person to receive the shares, the legal heirs or nominees can transmit the shares by providing a copy of the death certificate and the nomination form to the company. The company will then register the transmission of shares in the name of the nominee(s). |
(2) |
Transmission by succession If the deceased shareholder does not nominate a person to receive the shares, the legal heirs will need to obtain a succession certificate or grant of probate from the court. This certificate will authorise the legal heir(s) to transmit the shares to their names. The succession certificate or grant of probate, as well as the share certificates and a transfer deed, must be submitted by the legal heir(s) to the company. The company will then register the transmission of shares in the names of the legal heir(s). |