How do I transfer shares after eath in Kenya?

This basically means the transfer of shares from the Estate of a deceased shareholder to a beneficiary.

The following would be required:

  • A certified copy of the Confirmation of Grant of Probate / Grant of Letters of Administration. If a Grant has been issued outside Kenya, it must further undergo the resealing process by the High Court of Kenya, at the shareholder’s cost, in accordance with the Laws of Succession in Kenya.
  • Share Transfer form duly signed by both the Executor / Administrator of the Estate of the deceased and transferee/beneficiary, in the presence of a Commissioner for Oaths / Notary Public
  • A certified copy of the Death Certificate
  • Original Share Certificates
  • A certified copy of the Executor’s / Administrator’s passport
  • A certified copy of the beneficiary’s passport (if not the same as the executor/administrator)
  • In cases of both the transfer of shares as a gift and transfer of shares by transmission, after the requisite documents are presented to the Corporation’s Share Registrar, M/s Image Registrars Limited to facilitate.
  • In cases of transfers of shares as a gift, the beneficiary must first present the gift certificate at the Share Registrar. The Share Registrar will then issue a Gift Certificate to the beneficiary.
  • Upon receipt of the Gift Certificate, the beneficiary must present the same to the Share Registrar. The Share Registrar will then issue a Share Certificate to the beneficiary.
  • The Share Registrar will then issue a Transfer Certificate to the Executor/Administrator of the deceased.
  • The Executor/Administrator will then present the Transfer Certificate to the Share Registrar.
  • The Share Registrar will then issue a Share Transfer Certificate to the Executor/Administrator.