TRANSMISSION OF SHARE IN CASE DEATH OF HOLDER

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If you're a nominee or legal heir needing to transfer shares after the original holder's death, you'll need to contact your broker. The process involves submitting a transmission form along with documents like the death certificate, proof of identity, and either a succession certificate/court order (if no will) or probate/letter of administration. If a nominee is registered, they can initiate the transfer with the death certificate and transmission form.

pratik

pratik (Querist)

17 July 2021 I Nominee of Death of Holders .so i want to transmission of share. I dont understand how to transfer the same. requested you please provide process for the same.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

17 July 2021 Contact your broker through him only it can be made. You need a demat account in your name. Death' certificate required. Proof of your identity.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

17 July 2021 In case of death of the sole holder, the legal heir(s) of the deceased must request the DP to transmit the balances lying in the Client account of the deceased to the account of the legal heir(s). For this, the legal heir (s) of such securities must submit an instruction called the transmission form to the DP alongwith the following documents:

1.A copy of the death certificate duly notarised
2. A copy of the Succession certificate duly notarised or an order of a court of competent jurisdiction where the deceased has not left a Will; or
3. A copy of the Probate or Letter of Administration duly notarised.

If nominee registered, then the nominee must request the DP in writing along with a certified true copy of the death certificate and transmission form to transmit the securities covered by the nomination to the account of the Nominee. The DP will ensure the completeness of the form and validity of the signature of the client and then execute the transmission request.

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