In the event of death of the sole holder, how the successors should claim the securities lying in the demat account?
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
- In the event of death of the sole account holder without nomination, how can the successors claim the securities lying in the beneficiary account?
- In the event of death of the sole shareholder, how can the successors claim the securities lying in the beneficiary account?
- In the event of death of the sole holder, how the successors should claim the securities lying in the demat account?
