Share Recovery Agent in Sadashivanagar, Bengaluru
Estates in Sadashivanagar and the older north Bengaluru neighbourhoods tend to hold shares that were bought early and never sold. Decades of bonus issues and splits mean the value is often far above what the family expects, which changes what the paperwork has to prove.
We handle the tracing, valuation and documentation, and we are candid at the outset about which cases genuinely need a court and which do not. The first assessment is free.
Serving Sadashivanagar, Bengaluru from our Gurugram office · Reviewed 18 September 2026
When a holding is large enough to change the process
A long-held blue-chip folio rarely stayed the size it was bought at. Asian Paints has issued six bonus issues and a ten-for-one split; Tata Steel turned each share into ten in 2022; ITC split ten-to-one in 2005 and has issued bonuses since. A modest purchase from the 1980s can be worth several times what a family assumes.
That matters because SEBI’s simplified transmission route stops at ₹10 lakh per company for physical shares and ₹30 lakh for demat holdings. Cross those thresholds and the family needs a will, a legal heirship certificate or a succession certificate. Valuing the holding accurately, company by company, is therefore the first step, not an afterthought.
High-value estates: what the registrar will ask for
Karnataka is stricter than most states here. Bengaluru Urban district administration states that a legal heir certificate is now issued only to the family of a deceased government servant; everyone else is directed to obtain a succession certificate from the civil court with jurisdiction. Families in Bengaluru therefore reach the court stage sooner than families in, say, Uttar Pradesh or Haryana, where a tehsil-issued certificate is widely accepted.
For an estate above the thresholds with no will, that ordinarily means a succession certificate from the civil court. The court fee is a percentage of the value of the securities, set by state schedules, and is paid by the family at actuals. Listing every company and folio in one petition matters: a certificate covers only the securities named in it, and adding one later means going back to court.
- A valuation per company, to establish which holdings cross ₹10 lakh
- The will, if there is one — probate has not been compulsory since December 2025
- A notarised affidavit-cum-NOC from every other legal heir, whatever route is used
- A succession certificate petition listing every company, folio and holding
What we handle for clients in Sadashivanagar
Areas we cover around Sadashivanagar
Claims are handled remotely across Bengaluru, with documents collected by courier and identity verified over video. There is no need to travel to our office.
- Malleswaram
- Rajajinagar
- Vyalikaval
- Jayamahal
- Seshadripuram
- Yeshwanthpur
Questions from Sadashivanagar
How do we find out what an old family holding is actually worth?
The company’s registrar confirms the current holding for a folio, including everything added by bonus issues and splits. Multiplied by today’s price, that gives the value — and tells you which side of SEBI’s ₹10 lakh threshold you are on.
Is probate needed for a will in Karnataka?
No. Section 213 of the Indian Succession Act, which made probate compulsory for certain wills, was omitted with effect from 20 December 2025. A will with an indemnity bond is accepted for share transmission, though some institutions may still ask for probate for other assets.
How long does a succession certificate take?
An uncontested petition often takes around six months, and it varies considerably between courts. It is worth confirming first whether your holdings actually need one.
Can the shares be split between several heirs?
Yes, but how depends on the document. A demat account can hold at most three names, so families usually either transmit to one or two heirs with NOCs from the rest, or divide the holding under a written family arrangement or court order the registrar can follow.
Do you take a percentage of a large recovery?
Yes, agreed in advance and charged only after the shares are credited. There is no advance professional fee. Court fees, stamp duty and notarisation are statutory costs paid by the family at actuals.