Transmission:
Transfer of securities from:
- Deceased holder
- To nominee or legal heir

Differs from Transfer:
- Transfer: Sale/purchase
- Transmission: Death, insolvency, etc.
- No sale involved
- Ownership shifts by operation of law

Covered Securities:
- Equity shares
- Preference shares
- Mutual fund units
- Debentures
- Bonds
- ETFs
- Government securities

Held In:
- Depository Participant (DP) account
- NSDL or CDSL depository
- Electronic form

Transmission:
- Faster process
- Standardized forms
- Through DP

Held As:
- Paper share certificates
- In investor's possession
- May need dematerialization

Transmission:
- More complex
- Through company's RTA
- May take longer

Process:
1. Nominee approaches DP
2. Submits transmission form
3. Provides death certificate
4. Completes verification
5. Shares transferred to nominee's demat

With Nomination:
□ Transmission request form
□ Death certificate (original + copy)
□ Notarized copy of death certificate
□ Nominee's identity proof
□ Nominee's address proof
□ Nominee's demat account details
□ Client Master List of deceased
□ Nominee proof (bank's nomination form)

Typical Duration:
- 7-21 days with nomination
- If documents complete
- Varies by DP

Without Nomination:
□ Transmission request form
□ Death certificate (original + copy)
□ Notarized/attested death certificate
□ Legal heir certificate
   OR Succession certificate
□ Affidavit from all legal heirs
□ NOC/Consent from other heirs
□ Indemnity bond
□ Each heir's identity proof
□ Each heir's demat account details
□ Surety bond (sometimes)

All Legal Heirs Must:
- Sign the affidavit
- Provide consent/NOC
- OR get succession certificate

Typical Duration:
- 30-60 days without nomination
- Longer if documents incomplete
- Succession certificate adds months

Step 1: Gather Information
- Demat account number
- DP details
- Holdings statement

Step 2: Collect Documents
- Death certificate
- Nominee/heir proofs
- KYC documents

Step 3: Submit to DP
- Visit DP branch
- Submit transmission form
- Provide all documents

Step 4: Verification
- DP verifies documents
- May request additional info
- Background checks

Step 5: Transfer
- Shares transferred
- To nominee/heir demat account
- Statement updated

Step 6: Confirmation
- Holding statement received
- Transaction reference provided

Step 1: Identify RTA
- Registrar and Transfer Agent
- Contact information on certificate
- Or check company website

Step 2: Collect Documents
- Similar to demat
- Plus original share certificates

Step 3: Submit to RTA
- Send by registered post
- Or submit physically

Step 4: Verification
- RTA processes
- May take longer

Step 5: Options
- Get transmitted to your name (physical)
- Or convert to demat

Recommendation:
Convert physical to demat during transmission

Mutual Funds:
- Directly with AMC
- Or through RTA
- Similar to shares

Documents:
□ Transmission request form
□ Death certificate (original + copy)
□ Nominee's KYC documents
□ Cancelled cheque/bank details
□ Nominee's signature verification

Documents:
□ All above plus
□ Legal heir certificate
□ Indemnity bond
□ All heirs' consent
□ Succession certificate (for large amounts)

Steps:
1. Contact AMC customer service
2. Obtain transmission forms
3. Submit with documents
4. Verification (7-15 days)
5. Units transferred to claimant's folio
   OR new folio created

Post-Transmission:
- Can continue investment
- Or redeem units
- Tax implications apply

Process:
- Surviving holder continues
- Death certificate submitted
- Name changed to surviving holder(s)
- Simple process

Process:
- Nomination checked
- Or transmission to legal heirs
- Of last deceased holder

On Transmission:
- No capital gains on transmission itself
- It's not a transfer for tax purposes
- Original cost continues

On Future Sale:
- Cost = Deceased's acquisition cost
- Period includes deceased's holding
- Tax calculated accordingly

For Legal Heirs:
- Cost of acquisition = Cost to deceased
- Holding period = Includes deceased's period
- Indexation from deceased's purchase year

Deceased bought shares: 2015 at ₹100
Death in: 2023
Heir sells in: 2025 at ₹300

Cost for heir: ₹100 (indexed from 2015)
Holding period: Long-term (2015-2025)
Long-term capital gains apply

If Minor:
- Natural guardian claims
- Guardian's documents required
- May need court permission for sale
- Transmission to minor's demat account

Considerations:
- Can inherit shares
- May need NRE/NRO demat account
- FEMA compliance
- Tax treaties

Options:
1. Transfer in joint names
2. One heir with others' NOC
3. Distribute proportionally
4. All heirs agree on arrangement

If Heirs Disagree:
- DP/RTA won't process
- Court order required
- Succession certificate helps
- Legal resolution needed

If Deceased's Signature Differs:
- Affidavit explaining
- Additional verification
- May delay process

For Physical Shares:
- FIR if theft suspected
- Indemnity bond
- Newspaper advertisement
- Duplicate issuance process
- Takes longer

If Records Outdated:
- Address change documentation
- Name change proof
- Additional verification

Best Practices:
□ Nominate in all demat accounts
□ Nominate in all mutual funds
□ Keep nominations updated
□ Maintain demat account details
□ Inform family of holdings
□ Convert physical to demat
□ Keep records organized

Best Practices:
□ Locate all holdings
□ Check CAS (Consolidated Account Statement)
□ Gather documents first
□ Start with large holdings
□ Be patient with process
□ Follow up systematically
□ Consider professional help for complex cases

Resources:
1. IEPF website (for unclaimed shares)
2. Consolidated Account Statement (CAS)
3. Bank statements (dividend credits)
4. Old documents
5. AMC/DP statements
6. Annual reports received by post

How to Get:
- Request through CDSL/NSDL
- Shows all demat holdings
- Free service
- Helps locate all holdings

If Shares Transferred to IEPF:
- Apply through IEPF portal
- Complex process
- Take professional help
- Time-consuming

After Death:
- Existing SIPs stop
- Bank may not allow debit
- New holder can restart
- After transmission complete

During Transmission:
- Cannot transact
- Folios frozen
- Wait for completion
- Then full access

Before Starting:
□ Identify all demat accounts
□ List all mutual fund folios
□ Check nomination status
□ Gather death certificates (multiple)
□ Identify all legal heirs
□ Collect heir documents

During Process:
□ Contact each DP/AMC
□ Submit complete documents
□ Get acknowledgment
□ Track each application
□ Follow up if delayed

After Transmission:
□ Verify holdings received
□ Update bank mandates
□ Update contact details
□ Consider consolidation
□ Review portfolio
□ Tax planning