ICICI Direct — transfer of shares from demat account no.42538878 in302902

Address:

535,3rd cross,4th main maruthi layout vasanthapura, Bangalore, Karnataka, 560061

I am nagalakshmi, w/o a. N. Subbukrishna. Both o[censored]s have demat accounts with you. Unfortunately my husband expired on 10/08/2018. So i made a death claim and subsequent transfer of shares to my account. Since there was no nominee for his account i submitted a succession certificate stating my minor son and myself as successors.

My husband was an lic agent so we didnt have any benefits as regular employees. All our savings from other investments was spent on his one and half year long treatment (He suffered from cancer). My son is 17 years old and studying in ist puc. My health doesnt permit me to take up a job. Now i am wholly dependent on his investment in stocks.

After running from pillar to post for this transfer now i am told that the stocks have to be divided between my son and me. Now the situation is such that the shares are neither being transferred to me nor i am able to open son's demat account (I was told minor cannot have a demat account).

What do i do in this case? I have no other source of income. I am not even able to use the funds in his linked bank account. We have been customers of icici for more than two decades but now i feel let down.

I sincerely wish that this matter is taken up by senior management of icici direct and a favourable solution is found. Thank you.

With regards
Nagalakshmi