Answer Book question
Through transmission at the depository participant: nominee submits death certificate, transmission form and KYC; shares move to the nominee's demat account. Without a nominee, succession proof is required, with thresholds for affidavit-plus-indemnity versus succession certificate. Physical shares go through the company's registrar.
Through transmission at the depository participant: nominee submits death certificate, transmission form and KYC; shares move to the nominee's demat account. Without a nominee, succession proof is required, with thresholds for affidavit-plus-indemnity versus succession certificate. Physical shares go through the company's registrar.
With a nominee: three weeks. Without, on a ₹6 lakh holding: heirship certificate, indemnity, NOC from siblings. ten weeks.
Transmission is not a sale; it is a change of ownership on death. The nominee may then sell. Capital gains on sale are computed from the original cost.
Nominee on the demat account Claimant's own demat account Threshold rules at the DP Physical vs. electronic
Not having a demat account to receive the shares.
Kerala Rising helps prepare the file; the DP processes it.
Nominee opens demat → transmission filed → shares credited → sold gradually with CA advice on tax.
Contested estates: do not transmit until resolved.
Open a demat account if you lack one File transmission Take tax advice before selling
My father owned shares. How do I find the demat account? Is nominee the same as legal heir?
Family support
RBI guidance on deceased depositors' claims and UDGAM portal · SEBI/AMFI transmission procedures · IRDAI claim guidelines · Kerala Registration and Revenue Department procedures for legal heirship · Indian Succession Act / Hindu Succession Act as applicable Rates, limits and whether you may qualify change. Confirm with the official source. Ask Kerala Rising: Start with a Family Asset Inventory. Send us what you know so far. even a name and a bank. and we will help you work through every place worth checking. WhatsApp +1 443 595 9000 · keralarising.com Kerala Rising › Family › After a death · After a death 9
This page is general orientation, not personal insurance, investment, medical, legal, lending, tax, or professional advice. Rules, rates, benefits, and claim or application decisions can change. Confirm the current position with the named official source and use a licensed or qualified professional where your situation requires one. Kerala Rising does not decide whether you may qualify, approve claims, or promise an outcome.