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What are the formalities in case of No Nomination?

April 26, 2017Case formalities nomination

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What are the formalities in case of No Nomination?

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If there is no survivor amongst the account holders and a no nomination had been done by the holder(s) earlier, the legal heirs can request the DP for the securities to be transferred to his demat account. In addition to the documents specified under Common Requirements below, a true copy of the Succession certificate or Probate or Letter of administration duly notarised should be submitted by the claimant.