As per Section 2.4.5 of the CDSL operating guidelines, partnership firms can open trading accounts in the name of the firm; however, demat accounts must be opened in the names of at least two authorised partners, with both the trading and demat accounts linked to the firm's PAN.
Since the demat account is a joint account, the surviving partners must open a new joint Demat account with the PAN of the partnership firm in which transmission will be done.
The following documents must be submitted to notify and claim the shares: - Notifier Intimation Form
- Account Closure Form
- Transmission Request Form (for Joint Holder)
- The death certificate of the deceased partner—original, notarized, or attested by a gazetted officer.
- Self-attested PAN copy of the surviving partners.
- Self-attested copy of the surviving partner's Aadhar card, passport, driving license, or election card.
- Self-attested Client Master Report (CMR) copy of the surviving account holder (if DP is other than Jainam, then with the DP seal and signature).
- Statement of holdings of account as of the date of submission of the transmission request.
- New partnership deed.
Courier the documents to:
Jainam House
New Passport Office Road,
Kargil Chowk,
Piplod,
Surat-395007
The transmission process will be completed within 7 days after receiving all relevant documents.You can find all Transmission related forms with all sample filled forms in downloads section. |