Day Trading Stocks & Futures

Please state the procedure to close a trading account and demat account, of a deceased person.
Is there any specified time period by which it has to be done.

Secondly, is it legally safe to deposit cheque etc and to withdraw money (online or by previously signed cheque), I mean, to operate bank account of a deceased person

Thanks
Trading account can be closed by giving a attested copy of person's death certificate. The balance in the trading account can b transferred to the nominee. In case of demat account,the shareholding in the demat account can be transferred to the nominee's demat account if the deceased person has made nomination. If no nomination then the demat account is frozen and the DP will ask for getting a succession certificate for transferring the shares in that account to legal heirs.There is no timelimit for this transfer.

It is illegal to operate a dead person's account after his death.Many operate it for 3-6 months and close later on.Withdrawing money on the previously signed cheque is also illegal.If someone challenges such withdrawl the person who withdrew could be in trouble.

Similarly selling shares in internet based trading account of a person ,after his death, using his log in ID and password is also illegal.It amounts to forgery.
 
Thanks bro
then what you are doing for backfill (particularly for future scrips)
using vwap for some future scrips, but it is manual and one has to download same day.
other alternative is Sharma ji data bank

any suggestion,
any trading platform (.exe or web based), for live charting and with data download

Thanks
I am using sharma ji Google drive
 
Trading account can be closed by giving a attested copy of person's death certificate. The balance in the trading account can b transferred to the nominee. In case of demat account,the shareholding in the demat account can be transferred to the nominee's demat account if the deceased person has made nomination. If no nomination then the demat account is frozen and the DP will ask for getting a succession certificate for transferring the shares in that account to legal heirs.There is no timelimit for this transfer.

It is illegal to operate a dead person's account after his death.Many operate it for 3-6 months and close later on.Withdrawing money on the previously signed cheque is also illegal.If someone challenges such withdrawl the person who withdrew could be in trouble.

Similarly selling shares in internet based trading account of a person ,after his death, using his log in ID and password is also illegal.It amounts to forgery.
Thanks Da, for clarification.
One query,
can one deposit cheques/drafts in bank account of a deceased person.
If no, then what to do to get money of such cheques/drafts, as the payee may not pay on knowing, that the concerned person is now no more.

BTW, online payments are being deposited in such account, directly, like quarterly settlement amount, dividend etc
 
Thanks Da, for clarification.
One query,
can one deposit cheques/drafts in bank account of a deceased person.
If no, then what to do to get money of such cheques/drafts, as the payee may not pay on knowing, that the concerned person is now no more.

BTW, online payments are being deposited in such account, directly, like quarterly settlement amount, dividend etc
Legally no but practically people keep depositing deceased person's cheques,drafts etc in his account even after his death. Similarly in on line account, the money keeps getting credited in the account for many months....some times many years.It is the duty of the relatives/legal heirs to inform the company and get the investments transferred from the name of the deceased person to the names of his legal heirs.

In case of Govt pension and LIC annuities , if the cheques are deposited after the death of the person, they make you pay back and if one ignores the demand, he gets a legal notice of recovery.In case of shares, when you send the death certificate for transfer, they recover all payments made in the name of deceased person , after the date of his death , before they transfer .
 
Legally no but practically people keep depositing deceased person's cheques,drafts etc in his account even after his death. Similarly in on line account, the money keeps getting credited in the account for many months....some times many years.It is the duty of the relatives/legal heirs to inform the company and get the investments transferred from the name of the deceased person to the names of his legal heirs.

In case of Govt pension and LIC annuities , if the cheques are deposited after the death of the person, they make you pay back and if one ignores the demand, he gets a legal notice of recovery.In case of shares, when you send the death certificate for transfer, they recover all payments made in the name of deceased person , after the date of his death , before they transfer .
Now everything is Aadhar linked, including the cremation grounds, kabristan etc. So the death closure should become automatic.
 
17400 and seems its not going to hit the end target easy - lets see 17260 spot retrace for next northwards move? educated punt

Jindal part booked.
Hold Bpcl , Adani :/
Ceat, Bajajaut,Maruti hold

Reliance added
IBUL - hold - lady bird suggestion

Respectfully

Exide we discussed few days back over here and it blasted ++ ;)
Chola did its target++
Jindal creeping upwards will book 50% shortly
Bpcl we spoke again nice and steady++ Dividends in play as well fingers crossed. Green all around
Adani ports again slow and steady - green hoping for more northwards move

Asian squared few from swing holdings
Ceat, Bajaj, Maruti - hold

IBUL - added as a friend suggested and I trust her instincts - lets see

Respectfully

 
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