Transmission
of shares is the process by which securities of a deceased account holder are
transferred to the account of his legal heirs / nominee. Process of transmission
in case of dematerialized holdings is more convenient as the transmission
formalities for all securities held in a DEMAT account can be completed by
submitting necessary documents to the DP, whereas in case of physical securities
the legal heirs/nominee/surviving joint holder has to independently correspond
with each company in which securities are held.
The claimant should submit to the concerned DP an application in Transmission
Request Form (TRF) along with the following documents:-
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A notarized copy of the death certificate, in case of the death of the
sole holder where the sole holder has appointed a nominee.
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In the case of the sole holder where the sole holder has not appointed a
nominee.
A
notarized copy of the death certificate of the holder and any one of the below
mentioned certificates.
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succession certificate
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A certificate copy of the will and the probate
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A certified copy of the letter of administration (if value of
holding is less than one lacs.)
A Transmission Request Form can be got from the CSBL - DP main branch or the
nodal branches.
Click
here for a Transmission Request Form(TRF), all you have to do is, take a
print out of the Transmission Request Form and submit a duly filled form to the
DP along with the tariff..
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