What is Transmission of Securities?

Transmission is the process of transferring securities (shares, mutual fund units, bonds, etc.) to the nominee, legal heir, or surviving holder after the death of the investor.

Download the Transmission Circular (PDF)

Documents Required by Scenario

1. If a Nominee is Registered

If a valid nominee is registered on the account, the nominee needs to submit:

• ✅ Transmission Request Form (Annexure-3)
• ✅ Latest Client Master List (CML) of the nominee's demat account
• ✅ Death Certificate of the deceased investor

2. If No Nominee is Registered

When there is no registered nominee, the documents required depend on the value of the securities held by the deceased investor.

3. If Securities Are Held Jointly

If one joint holder passes away, the surviving holder(s) can request transmission of the securities into their sole or joint names.

Documents required:

• ✅ Name Deletion Request (Form)
• ✅ Death Certificate of the deceased holder
• ✅ Bank modification request & POA/DDPI Modification request

No succession documents, indemnities, or legal-heir documents are generally required for surviving joint holders.

What is a Client Master List (CML)?

A Client Master List (CML) is a document issued by your Depository Participant (DP) that contains your demat account details. It is required for crediting securities into the claimant's or nominee's demat account.

Which Form Do I Need?

 Download the Transmission Circular (PDF) for copies of all annexure forms.

Processing Timeline

Transmission requests are processed within 21 calendar days from the date all required documents are received.

Death Certificate Requirements

Accepted Formats

• ✅ Original Death Certificate
• ✅ Notarized or attested copy of Death Certificate
• ✅ Death Certificate with QR Code

If the Investor Passed Away Outside India

The death certificate issued outside India must be certified through any one of the following:

• ✅ Notary Public / Judge / Court Magistrate in the country of issue
• ✅ Indian Embassy or Consulate
• ✅ Apostille certification
• ✅ Overseas branch of an Indian Scheduled Commercial Bank
• ✅ Overseas bank having a correspondent banking relationship with an Indian bank

If the certificate is not in English, a self-certified English translation must also be submitted.

Frequently Asked Questions

Is Probate of Will mandatory?
No. Under the revised SEBI transmission framework, Probate of Will is not mandatory for all cases. Other acceptable succession documents may be submitted based on the claim category.

Can additional documents be requested?
In certain cases, especially where claim values exceed the simplified documentation threshold, additional documents may be requested if necessary. The reason for any such request will be communicated by the processing entity.

Need Help?

For assistance with transmission requests, please contact our Customer Support Team. We will guide you through the documentation requirements and help ensure a smooth and timely processing of your request.

Important: Ensure all submitted documents are complete, signed where applicable, and match the details of the claimant's demat account to avoid delays in processing.