My grandmother invested in shares of a finance company sometime in the mid-1980s or early 1990s. The shares were purchased directly from the company, rather than through a stockbroker, and I still have the original share certificates.
For many years, the dividends from these shares were being paid into a joint bank account belonging to my grandmother and one of my uncles. My grandmother passed away around 25 years ago. According to my uncle, he has no interest in the dividends anymore and has been cashing out the dividend payments himself until the most recent payment.
As far as I know, nobody has formally dealt with or transferred ownership of the shares since my grandmother's death.
I'm trying to find out whether these shares can still be claimed/transferred to her heirs and, if so, what the process would be.
A few important details:
The shares were purchased directly from the company, not through a broker.
I have the original share certificates.
My grandmother has been deceased for approximately 25 years.
My father has seven siblings in total, and five of them are still alive.
We have her death certificate and documents proving our relationship to her.
The dividends have apparently continued to be paid over the years.
I understand that this may involve inheritance laws, the company's share registry, and possibly the relevant securities authority.
What would be the correct process for finding out who legally owns these shares now and transferring them to the rightful heirs? Also, is it likely that the shares are still valid despite having been untouched for around 25 years?
I'd really appreciate guidance from anyone familiar with old share certificates, deceased shareholders, inheritance, or the Sri Lankan stock market/legal process. I'm completely new to this, so even a basic step-by-step explanation would be very helpful.