How transmission will be done for shares in lock in period?
How transmission will be done for shares in lock-in period? |
Lock-in shares will be moved to the nominee/claimant's demat accounts only after the expiry of the lock-in period. Till then, the deceased account will be kept as a 'to be closed account.' New documents can be asked for if the lock-in period is for more than 6 months, as the validity of the stamp paper is for 6 months only. To know more about death claims, see What is the procedure for transmission of shares after the death of the account holder if there is a nominee appointed by the deceased? |