What is the procedure to replace the Karta after the death of the current Karta in a HUF account?

In the event of the demise of the Karta, the new or current Karta, along with the co-parceners/members, must submit the following documents to update the HUF account:

Required Documents:

1. Non-individual KYC Form – Duly filled, with HUF seal and signature, along with passport-size photos of the new Karta and co-parceners.
2. Account Modification Form – Signature of the First/Sole Holder; affix the HUF seal.
3. Successor Certificate – Signed by the new Karta and major co-parceners, with the HUF seal.
4. HUF PAN Card (Copy) – With HUF seal and signature.
5. HUF Address Proof (Copy) – Latest bank statement or passbook with the HUF seal and signature.
6. Present Karta PAN Card (Self-attested Copy)
7. Present Karta Address Proof (Self-attested Copy) – Can be Aadhaar (masked), driving license, voter ID, or passport. Learn how to download a masked Aadhaar here.
8. Co-parceners PAN Card Copies (Self-attested)
9. Notarised Death Certificate of the deceased Karta – With HUF seal and signature.
10. No Objection Certificate (NOC) – Signed by co-parceners if a female member is becoming the Karta.
11. Demat Debit and Pledge Instruction (DDPI) Form – Signed by the HUF and major co-parceners.

Submission Process:

1. Email Soft Copies: Send scanned copies of all completed forms to sales@firstock.in for initial verification.
2. Courier Physical Documents: After review and confirmation, send the physical forms to Firstock Customer Support Centre:

FIRSTOCK, No 350, 1st floor, 36th A Cross, 7th Main Rd, 5th Block, Jayanagar, Bengaluru, Karnataka 560041.