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What is Transmission?

April 26, 2017transmission

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What is Transmission?

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Transmission of securities arises as a result of the death of the sole/any one joint demat account holders. Consequently the securities lying in the demat account of the deceased are transferred to the demat account of the surviving holders in the same order. If the demat account of the surviving holders does not exist in the same order then a new demat account will need to be opened. The main advantage in transmission of dematerialised holdings is that the transmission formalities for all securities held with a DP can be completed in one go, unlike in the case of physical certificates, where the claimant will have to interact with each issuing company or its R & T agent.

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transmission… is our fortnightly email newsletter that provides a brief summary of what’s happening in ammo city, events, reviews, breaking news, and typically a relevant promotion. most times we have guest list passes to top events and regularly have giveaway’s of nifty gear including cd’s, rare vinyl, shirts.