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What is the procedure for transmission of securities to the nominee in case of the death of the sole account holder ?

April 26, 2017account Case death nominee procedure securities sole transmission

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What is the procedure for transmission of securities to the nominee in case of the death of the sole account holder ?

3 Answers

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Ans. In case of the death of the sole holder , for the purpose of transmission of securities, the nominee has to submit a duly filled-in transmission form, notarised copy of death certificate and an affidavit in the prescribed format to the DP. After verifying these documents and if found in order, the DP will transmit the securities to the account of the nominee.

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In case of the death of the sole holder, for the purpose of transmission of securities, the nominee has to submit a duly filled-in transmission form, notarized copy of death certificate and an affidavit in the prescribed format to the DP. After verifying these documents and if found in order, the DP will transmit the securities to the account of the nominee.

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In the event of death of sole holder, the nominee has to submit various documents such as transmission form, notarised copy of death certificate and an affidavit in the prescribed format to the DP for the purpose of transmission of securities. After verifying these documents and if found in order, the DP will transmit the securities to the account of the nominee.