Procedure for Transmission of Shares
For securities held in single name with a nominee.
  • Duly signed transmission request form/letter by the nominee/legal heir.
  • Share certificate in original.
  • Copy of death certificate (Hindi/English version) duly attested by a Notary Public or by a Gazetted Officer.
  • Specimen signature of the legal heirs duly attested by banker.
  • Proof of Identification (POI) i.e. self-attested copy of PAN card & Proof of Address (POA) of legal heirs(s)/claimant(s), witnesses and sureties
For securities held in single name without a nominee
  • Duly signed transmission request form/letter by the nominee/legal heir.
  • Share certificate in original.
  • Copy of death certificate (Hindi/English version) duly attested by a Notary Public or by a Gazetted Officer.
  • Specimen signature of the legal heirs duly attested by banker.
  • Proof of Identification (POI) i.e. self-attested copy of PAN card & Proof of Address (POA) of legal heirs(s)/claimant(s), witnesses and sureties.
  • Affidavit from all the legal heirs made on appropriate non judicial stamp paper - to the effect of identification and claim of legal ownership to the securities as per enclosed format. Provided that in case the legal heir(s)/claimant(s) is named in the succession certificate or probate of will or will or letter of administration an affidavit from such legal heir/claimant(s) alone would be sufficient.
  • Following additional documents, as the case may be–
For Securities with value uptoRs. 2,00,000/- (Rupees Two Lakh only) For Securities with value more than Rs. 2,00,000/- (Rupees Two Lakh only)
  • Succession certificate or probate of will or letter of administration or court decree, as may be applicable in terms of Indian Succession Act, 1925
  • In the absence of the documents as mentioned at (i) above, an indemnity bond made on appropriate non judicial stamp paper - indemnifying the STA/Issuer Company as per enclosed format; and
  • A No objection certificate (NOC) from all legal heir(s) executed by all the legal heirs of the deceased holder not objection to such transmission; or
  • Copy of Family Settlement Deed duly notarized
 Succession certificate or probate of will or letter of administration or court decree, as may be applicable in terms of Indian Succession Act, 1925.
The process of transmission of shares is completed within 30 days from the date of submission of a valid transmission request.