Query regarding transfer of shares from one demat A/c to other. Hope someone can guide me.
My mother is the 1st holder & 2nd holder my father. My father passed away 2 years back. Now Myself with my mother wish to either:
1. jointly hold the demat account with deletion of the name of my late father as he is no more.
Or
2. Opening of new demat A/c jointly with my mother. My mother being the 1st holder & transfer the shares to the newly opened demat A/c
I am trying to get the A/c regularised since last one year, but each broker has different opinion.
Please share your views if someone has gone through similar procedure. And what will be the expenses for same.
We have the docs like the death certificate of my father, identity and address proof of both of us. Is any affidavit etc. Required in this case.
Please guide me.
& Kindly do not advice me to sell the holdings & buy again as I don't have any such intentions.
My mother is the 1st holder & 2nd holder my father. My father passed away 2 years back. Now Myself with my mother wish to either:
1. jointly hold the demat account with deletion of the name of my late father as he is no more.
Or
2. Opening of new demat A/c jointly with my mother. My mother being the 1st holder & transfer the shares to the newly opened demat A/c
I am trying to get the A/c regularised since last one year, but each broker has different opinion.
Please share your views if someone has gone through similar procedure. And what will be the expenses for same.
We have the docs like the death certificate of my father, identity and address proof of both of us. Is any affidavit etc. Required in this case.
Please guide me.
& Kindly do not advice me to sell the holdings & buy again as I don't have any such intentions.