If the legal heir's or the legal representative's express inability to produce either of the documents mentioned under (ii) and (iii) above, and the market value of the securities held in each of the account of the deceased as on the date of application for transmission does not exceed Rs. 5, 00,000/- then the DP shall process the transmission request on the basis of the following documents:
i) Request for transmission in specified Transmission Form
ii) Copy of the death certificate duly notarised
iii) Letter of Indemnity duly supported by a guarantee of an independent Surety acceptable to the Participant, made on appropriate non judicial stamp paper
iv) Affidavit made on an appropriate non judicial stamp paper
v) No Objection Certificate(s) from all legal heirs who do not object to such transmission.