Transmission
Moving a deceased investor's shares or fund units to their nominee or legal heirs.
Transmission is how shares and mutual fund units pass from someone who has died to their nominee or legal heirs. With a nominee, it’s simple. Without one, SEBI’s 2026 rules allow simplified documents up to 30 lakh rupees per demat account. See claiming a parent’s money after they die.
Questions people ask
What is transmission of shares?
Transmission is the transfer of shares or mutual fund units from an investor who has died to their nominee or legal heirs. It's different from a transfer, which happens between living people, usually by sale.
What are SEBI's limits for simplified transmission?
Under SEBI's circular of 23 July 2026, claims up to 30 lakh rupees per demat account, or 10 lakh rupees for physical holdings and fund units in a statement of account, can use simplified documents. Very small claims, up to 30,000 rupees in demat, can use a quick route open to parents, spouse, children and parents-in-law.
Is probate needed for transmission?
Not as a mandatory document. SEBI's July 2026 framework removed the mandatory requirement of probate of a will, in line with the change to succession law.
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