Changes in Client Details that can be done - Change in Name, Change in Father's/Husband's Name (due to marriage), Standing instruction facility (an investor can activate/deactivate it), Address, telephone number, mobile number Occupation details, E-mail addresses, Bank and Nominee details. PAN Number details, In case of NRIs, RBI and approval date for NSDL.
TRANSMISSION and NOMINATION - The word "transmission" means devolution of title to shares, for example, devolution by death, succession, inheritance, bankruptcy, lunancy, bankruptcy, winding-up (in case of corporate) etc. Transfer of shares relates to a voluntary act of the shareholder, transmission is brought about by operation of law.
Procedure for Transmission - Joint Holding - New A/c is opened in the name of Survivors, All A/c Holders should sign Transmission Form, A Copy of Notarized Death Certificate should be given, Securities are transferred to the new A/c of Survivors. Old A/c is closed.
Procedure for Transmission - Single Holding with out Nomination : In the event of death of the sole holder, if valid nomination has not been made, the successors/legal heirs of the deceased can get the securities transmitted in their favour by submitting their claim duly supported by the relevant legal documents to the DP.
TRANSMISSION CUM DEMAT IS POSSIBLE IN NSDL AS WELL AS CDSL.
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