What happens if shares were in the parent's name, how can I claim those?

If shares were in your parent's name and you wish to claim them as an NRI, the process is called transmission of shares, where the ownership is transferred to the legal heir.

Here’s how you can claim those shares:

Legal Heirship:

You must be a legal heir to claim the shares. A succession certificate, will, or probate may be required to prove your relationship.

Required Documents:

You'll need to provide the following:

• Death certificate of the parent
• Proof of relationship (succession certificate or will)
• PAN card and identity proof
• Share certificates (if held in physical form)

Contact the Company or Depository:

Approach the company’s registrar or transfer agent, or the depository participant (if the shares are in Demat form), with the necessary documents.

Submit an Application:

• Fill out the transmission request form provided by the company or depository participant to initiate the transfer process.
• Once the process is completed and verified, the shares will be transferred to your name.
• This method ensures a smooth transfer of shares from your parents to you as the rightful heir, even if you are an NRI.

If you're interested in expanding your investment portfolio, NRI investment in share market and invest in Indian stock market can be a great way to diversify. Mutual funds for NRI are another excellent option, as NRI can invest in mutual funds with ease, and these funds offer access to a broad range of assets like alternative investment funds (AIFs), alternative mutual funds, and alternative asset funds.

Additionally, if you’re looking to make a more stable investment, you can explore options like FD in India for NRI, which provides favorable NRI fixed deposit rates in India and high NRI interest rates in India. For a more personalized approach, consider PMS taxation for NRI and other investment avenues that align with your goals, such as Gift city investment for NRI, which offers great potential for NRI investors.

For expert advice and to simplify the process of wealth management and investment, India for NRI, a company dedicated to helping people solve such problems, offers comprehensive solutions. They guide NRIs through processes like mutual fund investment by NRI, transmission of shares, and a wide range of investment opportunities to secure your future.