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How to Start Trading ELSS Scheme Dematerialsation Corporate Benefits Delivery Instruction Slips Demat Securities Nomination Pledging Rematerialisation Trading and Settlement Transaction Statement Depository and Particpants DP and Stock Broker DP Account Rights and Obligations Derivatives Options Risk Management Settlement Trading Advantages of Trading Stock Glossary Bonus Shares Dabba Trading Global Depository Receiptst Net Market Value Splitting and Consolidation Trade for Trade Mutual Funds How to Make Money From Your Fund Features of Mutual Funds Benefits of Investing Pros and Cons Investment Objective Types of Mutual Funds Primary Market Book Building Investors Guide for IPOs Issue Process Listing Stock Brokers Rules and Regulations Investment Education 
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NominationNomination can be made only by individuals holding beneficiary accounts either singly or jointly. Non-individuals including society, trust, body corporate, karta of Hindu Undivided Family, holder of power of attorney cannot nominate. Who can be a nominee? Only an individual can be a nominee. A nominee shall not be a society, trust, body corporate, partnership firm, Karta of Hindu Undivided Family or a power of attorney holder. Transmission of demat securities Transmission 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 dematerialised holdings is more convenient as the
transmission formalities for all securities held in a demat account can
be completed by submitting 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.In the event of death of the sole holder, how the successors should claim the securities lying in the demat account? The claimant should submit to the concerned DP an application Transmission Request Form (TRF) along with the following supporting documents 1. In case of death of sole holder where the sole holder has appointed a nominee Notarised copy of the death certificate 2. In case of death of the sole holder, where the sole holder has not appointed a nominee Notarised copy of the death certificate Any one of the below mentioned documents - Succession certificate Copy of probated will Letter of Administration The DP, after ensuring that the application is genuine, will transfer securities to the account of the claimant. Inter Depository TransfersYes. Inter depository transfers are possible. Both NSDL and CDSL have established connectivity with each other for the purpose.  ADD THIS TO YOUR SOCIAL BOOKMARKS
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