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June 14, 2026
The Dispatch

Definition

Demat Transmission

Transmission is the process of transferring securities to legal heirs or nominees after the death of the account holder.

Unlike a normal transfer (a voluntary sale/gift), transmission moves shares to a nominee or legal heir upon the holder's death. With a registered nominee, the process is simple, submit a death certificate and form to the DP; without one, heirs need succession documents.

SEBI strongly encourages investors to register a nominee for every demat account to avoid lengthy legal hassles for the family. Joint holding and proper nomination are key parts of organising one's investments for smooth succession.

Related terms

  • Depository Participant (DP)A depository participant is an agent of a depository (NSDL or CDSL) through which investors open demat accounts and hold securities electronically, acting as the link between investors and the depository.
  • Corporate ActionA corporate action is any event initiated by a company that affects its shares or shareholders, such as dividends, splits, bonuses, or mergers.
  • Demat AccountA demat account holds your shares and securities in electronic form, eliminating physical certificates and enabling seamless trading and settlement on stock exchanges.

Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.