If a deceased account holder’s funds and shares exceed ₹15 lakhs and no nominee was designated, the following documents must be submitted by the applicant to initiate the process of claiming the shares:

1. Required Documentation:
   • Transmission Form (PDF): A completed transmission form.
   • Annexure 1 (PDF): A necessary document for the transmission process.
   • Death Certificate: The original, a notarized copy, or one attested by a gazetted officer.
   • PAN Copy: A self-attested copy of the PAN card belonging to the successor, legal heir, applicant, or claimant.
   • Bank Proof: A personalized canceled cheque or a bank statement/passbook not older than 3 months for the successor(s) or legal heir(s). This is needed only if the deceased’s bank account had a positive balance.
   • Client Master Report (CMR): A hard copy of the CMR with the DP seal and signature from the successor, legal heir, applicant, or claimant. If the account is held with Navia, this document is not required.
   • Affidavit (PDF): Each applicant, claimant, or legal heir must provide a separate affidavit on stamp paper valued at ₹200, signed by all legal heirs. The successor, legal heir, applicant, or claimant is the first party, and Navia Markets Ltd. is the second party.
2. Additional Legal Documents (Any one of the following):
   • Succession Certificate: A legal document issued by a court certifying the rightful heir.
   • Letter of Administration: A court-issued document granting authority to administer the deceased's estate.
   • Probate of the Will: Legal validation of the deceased’s will.
   • Will and Bond of Indemnity (PDF): The will, along with an indemnity bond from the applicant.
   • Court Decree: A legal ruling from a court regarding the legal heirs.
   • Legal Heir Certificate: Issued by a court, accompanied by a Bond of Indemnity (PDF) from the applicant and a No Objection Certificate (PDF) from all non-applicants. In the Bond of Indemnity, the successor, legal heir, applicant, or claimant is the first party, and Navia Markets Ltd. is the second party. In the NOC, the non-applicants are the first party, and Navia Markets Ltd. is the second party.
3. Submission Instructions: Send the completed documents to the following address:

Navia Markets Ltd | 4th Floor, Navia Markets Limited, Ganga Griha, 9 (old No. 6D, Nungambakkam High Rd, Tirumurthy Nagar, Nungambakkam, Chennai, Tamil Nadu 600034

1. Important Points to Consider:
   • Document Verification: Navia’s legal team will review the submitted documents. Once verified, the transmission process will be completed within 7 days.
   • Lock-In Shares: These will be transferred to the successor’s demat account.
   • KYC Requirements: Navia retrieves the KYC details of clients according to SEBI regulations.
   • Digital Death Certificate: If available on a government portal, a photocopy or digital version of the death certificate will be accepted.
   • Fund Transfer: The deceased’s credit balance will be transferred to the bank account of the successor or nominee as mentioned in the CMR.
   • Debit Balance Settlement: If the deceased’s account has a debit balance, the successor or nominee must provide a cheque made payable to Navia Markets Ltd.
   • Name Discrepancies: If there is a mismatch between the deceased’s name on the CMR and the death certificate, a notarized affidavit is required for correction.
   • Minor as Successor/Nominee: If the successor, nominee, or legal heir is a minor, a guardian certificate is required to validate the guardian’s signature on the form. This certificate is not needed if the minor already has an account with Navia.