Transmission is the process by which investments in the names of deceased account holders are transferred to the surviving joint holders, nominees, or legal heirs

Please follow these instructions -

1. Process for Transmission case with Nominee: (In case of the death of the sole holder)

1. Account Closure form (Annexure 10.1)

2. Transmission Request form (Annexure 7.1 + Due diligence)

3. The Client Master Report of the Nominee’s Demat Account where the securities need to be transmitted must be duly signed by the target Depository with stamp and signature or Digitally signed CMR.

4. A new Demat Account must be opened with the Upstox/other firm if there is no existing Demat Account of the Nominee.

5. Original Death Certificate or its copy duly notarized / attested by a Gazetted Officer.

2. Process for Transmission case without Nominee:

1. Account Closure form (Annexure 10.1)

2. Transmission request form (Annexure 7.1 + Due diligence)

3. Notary/Successor CMR copy

4. Original Death Certificate or its copy duly notarized / attested by a Gazetted Officer.

5. Account holder (Deceased) Pan Card

6. Letter of Indemnity executed by the Successor on non-judicial stamp paper of appropriate value, duly notarized Annexure - 7.3 which should be on ₹500 Stamp Paper

7. An Affidavit from the Successor executed on non-judicial stamp paper of appropriate value and notarized Annexure 7.5 which should be on ₹100 Stamp Paper

8. No Objection Certificate [NOC] from all legal heir(s) who are not applicants conveying no objection to the transmission of the relevant securities in favour of the Successor - (Annexure – 7.1) which should be on ₹100 Stamp Paper

9. We Require Declaration Cum Indemnity on ₹600 Stamp Paper (Declaration Form)

3. If the client holding Valuation is above 15 lakhs, we require following documents: (without nominee / joint holder)

1. Account Closure form (Annexure 10.1)

2. Transmission request form (Annexure 7.1 + Due diligence)

3. Successor CMR copy.

4. Succession Certificate

5. Original Death Certificate or its copy duly notarized / attested by a Gazetted Officer.

6. Successor Pan & Aadhar Card Self attested

7. Account holder (Deceased) Pan Card

8. Letter of Indemnity executed by the Successor on non-judicial stamp paper of appropriate value, duly notarized (Annexure – 7.3) which should be on ₹500 Stamp Paper

9. An Affidavit from the Successor executed on non-judicial stamp paper of appropriate value and notarized (Annexure 7.5) which should be on ₹100 Stamp Paper

10. No Objection Certificate [NOC] from all legal heir(s) who are not applicants conveying no objection to the transmission of the relevant securities in favour of the Successor - (Annexure – 7.6 ) which should be on ₹100 Stamp Paper

11. We Require Declaration Cum Indemnity on ₹600 Stamp Paper (Declaration Form)

4. If the client holding Valuation is below 15 lakhs, we require following documents: (without nominee / joint holder)

1. Account Closure form (Annexure 10.1)

2. Transmission request form (Annexure 7.1 + Due diligence)

3. Successor CMR copy.

4. Original Death Certificate or its copy duly notarized / attested by a Gazetted Officer.

5. Successor Pan & Aadhar Card Self attested

6. Account holder (Deceased) Pan Card

7. Letter of Indemnity executed by the Successor on non-judicial stamp paper of appropriate value, duly notarized (Annexure – 7.3) which should be on ₹500 Stamp Paper

8. An Affidavit from the Successor executed on non-judicial stamp paper of appropriate value and notarized (Annexure 7.5) which should be on ₹100 Stamp Paper

9. No Objection Certificate [NOC] from all legal heir(s) who are not applicants conveying no objection to the transmission of the relevant securities in favour of the Successor - (Annexure – 7.6 ) which should be on ₹100 Stamp Paper

10. We Require Declaration Cum Indemnity on ₹600 Stamp Paper (Declaration Form)

5. Process to notify and claim shares after a joint demat account holder's death

When one of the joint account holders passes away the following documents must be submitted to notify and claim the shares:

1. Account Closure form (Annexure 10.1)
2. Transmission Request form (Annexure 7.1 + Due diligence)
3. Death certificate of the deceased holder original/notarised/attested by a gazetted officer.
4. Self-attested PAN & Aadhar Card copy of the surviving account holder(s).
5. CMR hard copy of the surviving account holder with DP seal and signature.
6. Deceased Pan Card