My fathe1r is having a demat account and died on 10th january , my brother is a nominee in his demat account and he got transferred all stock holding to his DEMAT account.
What are my rights on stock holding? What should I do in this case?
swati parikha 04 February 2025
My fathe1r is having a demat account and died on 10th january , my brother is a nominee in his demat account and he got transferred all stock holding to his DEMAT account.
What are my rights on stock holding? What should I do in this case?
T. Kalaiselvan, Advocate (Advocate) 04 February 2025
You issue a legal notice to your brother demanding him to distribute your share in the movable properties he acquired in the capacity of Nominee to your deceased father.
The nominee here is a trustee to receive the property on behalf of the legal heirs/successors in interest and distribute them to the legal heiars as per personal law.
If he refuses then you can file a suit for recovery of your share in the said movable property
P. Venu (Advocate) 04 February 2025
Yes, a nominee is only the trustee on behalf of all the nominees.
swati parikha 11 February 2025
Should I give notice only through lawyer ? Is there any format of document which i can write and send without a lawyer?
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