Complete the CDS-2 form and sign and provide the following: –
This is the transfer of shares from the estate of a Deceased to the beneficiary.
- If the value of the shares is more than Kshs.500,000/- the process should be claimed through the high court.
- The charges for this kind of transfers are 1.5% of the Estate value. (Kshs.675 paid to CDSC & NSE).
The requirements are as follows: –
- Grant of letter of administration certified by the high court on each and every page.
- Certificate of confirmation of grant by the high court on each page.
- Fill out the sales form which requires to be signed by the administrator at the bottom right and an advocate to witness on the bottom left.
- Fill out the purchase form which requires to be signed by the beneficiary of the estate at the bottom right and an advocate to witness on the bottom left.
- Fill out the CDS-2 and the administrator to the estate to sign.
- Fill out the CDs-7 form which the administrator and the beneficiary need to sign.
- Attach original share certificates and if missing obtain an indemnity letter from the registrars.
- Certified copy of death certificate by a commission of oaths/lawyer.
- Certified copy of beneficiary’s identity cards by the commission of oaths/lawyer.
- Attach a surrender form/identification card of the deceased.
POINTS TO NOTE: –
If the value of the estate is less than Kshs. 500,000/- the process can be claimed through a Public trustee and provide the following: –
- Certified copy of the death certificate.
- Beneficiary’s certified copy of the ID.
- Letter of probate and certificate of administration
- Letter of indemnity.
- Certification of documents can only be done by a Commissioner of Oaths. For Diasporas, it should be done by Notary Public Trustee at the Embassy or nearest consular.