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Letter of Indemnity

This document is a Bond of Indemnity to be executed by all legal heirs of a deceased sole securities holder for the transmission of securities where no nomination has been registered. It requires the details of the deceased, the securities held, and the legal heirs, along with an affirmation of their relationship to the deceased. The legal heirs agree to indemnify the participant against any losses incurred from the transmission of securities without a Succession Certificate or other court orders.

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8 views2 pages

Letter of Indemnity

This document is a Bond of Indemnity to be executed by all legal heirs of a deceased sole securities holder for the transmission of securities where no nomination has been registered. It requires the details of the deceased, the securities held, and the legal heirs, along with an affirmation of their relationship to the deceased. The legal heirs agree to indemnify the participant against any losses incurred from the transmission of securities without a Succession Certificate or other court orders.

Uploaded by

kunal.obhrai93
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Note: To be executed in the presence of a Public Notary / Gazetted Officer

Bond of Indemnity to be furnished jointly by all Legal Heir(s) including the Claimant(s)
(To be submitted on Non-judicial Stamp Paper of appropriate value)
[For Transmission of Securities on death of Sole Securities’ Holder, where no
nomination has been registered]

(Date) (Deceased) (Deceased)

Sole/First Holder:
(Name of the First Holder as updated in Demat account)
Second Holder:
(Name of the Second Holder as updated in Demat account)

Third Holder:
(Name of the Third Holder as updated in Demat account)

I/We do hereby solemnly affirm and state on oath as follows:


Name of the deceased holder
That Mr. /Ms.____________________________________________________________ was holding the following securities:

ISIN Name of the Company No. of securities held

(ISIN Details) (Annexure to be attached in case of more than 4 ISIN)

DD/MM/YYYY
That the aforesaid deceased holder died intestate on _________________________, without registering any nominee, leaving
behind him/her the following persons as the only surviving legal heirs, according to the laws of intestate succession applicable
to him/her by which he/she was governed at the time of his/her death.
Name of the Legal Heir(s) Address and contact details Age Relation with the Deceased
(Legal Heirs Details)
1)

2)

3)

4)
OR
DD/MM/YYYY
That the aforesaid deceased holder died on ____________________, without registering any nominee, leaving behind him/her
the following persons as the only surviving legal heirs, according to the laws of testamentary succession.

Name of the Legal Heir(s) Address and contact details Age Relation with the Deceased
(Legal Heirs Details)
1)

2)

3)

Therefore, I/We, the Legal Heir(s)/Claimant(s) and deponent(s) herein has/have, approached _____________________________
(Name of the Participant) with a request to transmit the aforesaid securities in the name of the undersigned Mr. /Ms. [Name(s)
(Name of the claimant/s)
of the legal heir(s)/claimant(s)]_____________________________________________, on my/our behalf, without insisting on
production of a Succession Certificate/ Probate of Will / Letter of Administration or any Court order, for which we execute an
indemnity as is herein contained and on relying on the information herein given by us, believing the same to be true.

In consideration therefore of my/our request to transfer/transmit the above said securities to the name of the undersigned
(Name of the claimant/s)
Mr. /Ms. _____________________________________________ [Name(s) of the legal heir(s)/claimant(s)],

I/We hereby jointly and severely agree and undertake to indemnify and keep indemnified, saved, defended, harmless, [Name
of the Participant/ Issuer and NSDL] and its successors and assigns for all time hereafter against all losses, costs, claims,
actions, demands, risks, charges, expenses, damages, etc., whatsoever which they may suffer and/or incur by reason of trans

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ferring the said securities as herein above mentioned, at my/our request to the undersigned Mr./Ms. [Name(s) of the legal
(Name of the claimant/s)
heir(s)/claimant(s)]________________________________________________ , without insisting on production of a Succession
Certificate / Probate of Will / Letter of Administration or any Court order.
IN WITNESS (ICICI Bank Employee Only) WHERE OF THE said (Name of the claimant/s)
[name(s) of applicant(s)] have here unto set their respective hands and seals this day of of
(Date) (Month)
_________________________ .
(Year)
_____________________________________ Signed and delivered by the said legal heir/s

Name the Legal Heirs Signature of the Legal Heirs


1

Signed before me
at: __________________________

on: __________________________
Signature of Notary
Official stamp & seal of the Notary & Regn. No.:

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