Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

In the event of death of the sole holder, how the successors should claim the securities lying in the demat account?

0

The claimant should submit to the concerned DP an application Transmission Request Form (TRF) along with the following supporting documents 1 In case of death of sole holder where the sole holder has appointed a nominee Notarised copy of the death certificate 2 In case of death of the sole holder, where the sole holder has not appointed a nominee Notarised copy of the death certificate Any one of the below mentioned documents – Succession certificate Letter of Administration The DP, after ensuring that the application is genuine, will transfer securities to the account of the claimant. The major advantage in case of dematerialised holdings is that the transmission formalities for all securities held with a DP can be completed by interaction with the DP alone, unlike in the case of physical share certificates, where the claimant will have to interact with each Issuing company or its Registrar separately.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.