What would happen if there is no nominee in the demat account held by sole holder?

In such a case, the securities would be transmitted to the account of legal heir(s), as may be determined by an order of the competent court. Following documents are required for this purpose -

 Duly filled in Transmission Form.

 Copy of the death certificate duly attested by a Notary Public or by a Gazetted Officer.

 A copy of the Succession certificate duly attested by a Notary Public or by a Gazetted Officer or

 An order of a court of competent jurisdiction where the deceased has not left a Will or

 A copy of the Probate of Will or

 Letter of Administration duly attested by a Notary Public or by a Gazetted Officer.

 In case the account of the claimant is not with the same Participant, copy of Client Master Report of the account of the claimant is also required (certified by the concerned DP).

However, if the value of securities to be transmitted is below Rs. 5,00,000/- (on the day of application for transmission), following documents are required:

 Duly filled in Transmission Form.

 Copy of the death certificate duly attested by a Notary Public or by a Gazetted Officer.

 Letter of Indemnity (in prescribed format).

 Affidavit (in prescribed format) and

 No Objection Certificate(s) in prescribed format or Family Settlement Deed.

 In case the account of the claimant is not with the same Participant, copy of Client Master Report of the account of the claimant is also required (certified by the concerned DP).