If the deceased’s account holds funds and shares worth less than ₹15 lakhs and no nominee was appointed, the following documents must be submitted by the applicant to notify and claim the shares:

Required Documentation:

• Annexure 1 (PDF): A supporting document necessary for the transmission process.
• Transmission Form (PDF): A duly completed transmission form.
• Death Certificate: The original, a notarized copy, or one attested by a gazetted officer.
• PAN Copy: A self-attested copy of the PAN card of 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 only required 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 with Navia, a CMR is not required.
• Bond of Indemnity (BOI) (PDF): An indemnity bond from the applicant on stamp paper (₹500), where the successor, legal heir, applicant, or claimant is the 1st party and Navia Markets Ltd is the 2nd party.
• No Objection Certificate (NOC) (PDF): A NOC in stamp paper (₹200) from all non-applicants or a notarized family settlement deed that includes all the legal heirs. A NOC is not required if an individual claims to be the sole successor through the BOI. In the NOC, the non-applicants are the 1st party, and Navia Markets Ltd. is the 2nd party.

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

Important Considerations:

• Document Processing: Once Navia receives the valid documents, the transmission process will be completed within 7 days. The completion time could extend if there is a delay at KRA to update the DEMISE status. 
• Lock-In Shares: These will be transferred only to the successor’s NSDL demat account.
• Digital Death Certificate: If available on a government portal, a photocopy or soft copy of the digital death certificate will be accepted.
• Fund Transfer: The deceased’s credit balance will be transferred to the bank account of the successor as mentioned in the CMR.
• Debit Balance Settlement: If the deceased’s account has a debit balance, the successor must provide a cheque payable to Navia Markets Ltd.
• Name Discrepancies: The name of the deceased on the CMR must match the death certificate. If there is a mismatch, a notarized affidavit for name correction is required.
• Minor Successor/Heir: 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 necessary if the minor already has an account with Navia.