MCA vide General Circular No. 07/2017 on Monday, 5th June, 2017 regarding transfer of shares to IEPF Authority where shares are held in physical form and has clarified that since the said transfer takes place on account of Operation of Law, hence the procedure followed during transmission of shares may be followed in such cases and duplicate shares need not be issued for the same.
The said circular can be accessed at the following link:GenCir7_2017_05.06.2017_IEPF Clarification_transmission